3 Pieces of Evidence to Suggest COSS Pump and Dump Soon... + COSS trading promo update (rank 51 right now)!
Hey guys, I'd first like to start of by saying that I hold a substantial amount of COSS, so take that into consideration when you're reading this post!
Evidence 1: FUD
There has been a lot of FUD recently on the COSS Reddit, like what seems like organised FUD, you can read more about it here
This suggests people are trying to make the price fall, why else would you waste time and effort about a coin you have no interested in?
Evidence 2: Big Buy Walls
There has been quite large buy and sell orders to manipulate the market due to the trading promo, but this time some of the buy orders are changing, getting smaller as sell orders execute which suggests real buyers are trying to buy in and FOMO is setting in. However, people understand trading promos (almost) always bring prices down after the initial surge so for the majority, they're leaving their buy orders up rather than filling sell orders.
This means we need 0.4% of Kucoin's total supply to be sold to move down 1.5%, whereas for something like Kucoin only needs 0.08% of market cap to be sold to move down 17%, hope this puts COSS into perspective!
Evidence 3: Big News Coming Soon (Fiat and UI update)
Massive news is coming for COSS as the new KYC is coming out with the new UI which will allow bank wiring and credit card purchasing/selling of crypto from fiat! Although their fiat is delayed, they announced they'd be launching credit card + wire transfers simultaneously, thus delaying one aspect but speeding up another.
This massive news will make it incredibly easy for pump and dump groups to hype up this coin, especially because it's less than 8% of its all time high, people will be very willing to buy in.
Trading promo update
Since my last big win from day trading of about 4000 COSS, I've earned another 150 COSS, bring my total COSS earned during this promotion to just under 8000. I'm currently rank 51 with just over 1.3 million volume and hoping to stay within rank 60 before the promo ends!
Looking at the current exchange daily volume of USD 2M+ I think COSS is ripe for a pump. But it is not likely that price would come even close to ATH without the general market booming again.
I completely agree! If it gets to even half of all time high I'll be happy honestly
I'm somewhere rank 160 ish
need 200k volume at least more to even reach top 100
like the post
Thanks! I was sitting at rank 2 for a bit and within top 10 for the first week or so but stopped trading for about 2 and a half weeks and only started again recently. I'm 99% sure many of the higher ranks will lose volume when they do their final audit and i'm 99% sure there's a lot of cross-account wash trading which shouldn't be too hard to figure out, especially when we have the buy/sell books just like constantly buying the same amount at the same price haha
I'm not gonna finish top 100, you?
COSS/USD = COSS will cost tomorrow $0.195 (or $0.183)
Thx for another informative post. Easy to read.
Ive never heard about coss before. Hope your prediction will be right.
Please continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
Steemits needs solid content builders so just dont ever give up! :)