How are you all I hope you are well. Alhamdulillah I am also fine by the grace of Allah. Today we will talk about pump and dump of coins. I think this is important for us because I want those who are trading to make good profit. Behind a coin pump is the coin supply. That means we need to know how much supply a coin has. You can check Coin Marketcap to know that.

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Suppose a coin has a large supply then the price of that coin will also be low. But if a coin is in low supply, its price is high. Think of our Steemit for example. There are three types of coins in Steemit. Among these, the price of sbd coin is the highest because its supply is less. On the other hand, the supply of steem coin and trx coin is very high, so the price of the coin is low. However, it was a simple matter. The price of a coin depends on many other things.

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Sometimes many coins become popular on the internet. Then people started researching about that coin and the price of the coin started to increase. There are many coins that rise in price just because of popularity. These are also known as Mim Coins. In this way, the price of the coin increases. It is not always the case that the price of a coin increases when it goes viral. Many times coin scams go viral. But then the price of the coin fell and the market went into a bad state.

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There are also many coins that have halving. Especially when the rewards of the coins that can be mined are halved, the price of the coins increases. We see an example of this in Bitcoin halving. Also many times people burn coins. Means the coins are transferred to someone who has no existence in the world. Coins cannot be recovered from him. Sending coins to an account that no one is using is called coin burn. This also results in an increase in the price of the coins. So this was today's post. Seen in a new post. Thanks everyone.