What's your thoughts on AurumCoin and it's recent pump?

in #cryptocurrency8 years ago

View the original post on Musing.io

I am assuming that the question is made in reference to this cryptocurrency: https://coinmarketcap.com/currencies/aurumcoin/

This coin has a marketcap of 96 million (at the time of writing this post) but has a volume of mere $23,196 USD. That would mean it has very low liquidity. I wouldn't buy any coin that has such low liquidity.

The price of this coin is manipulated because of low liquidity and pump. I would class it as a trap currency. Whoever brought it when it went above 1000 is now on a heavy loss. 

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