Analysis of Volume YTD for Pump & Dump Strategies
Index - https://steemit.com/tax/@alhofmeister/4njxqk-accounting-and-finance-blog-index
Introduction
With the latest spike in Steem/SBD, I thought it would be interesting to examine the trading volume of Steem, SBD and the largest cryptocurrencies. Although high trading volumes do not necessarily indicate market manipulation, the likelihood of organic trading at +3x the YTD average trading volumes in a single day are unlikely. In my analysis, days suspected of pump and dump schemes are identified by trading values over 3x the average daily value. As the market capitalization of SBD is significantly lower than Steem, it is more susceptible to manipulation.
Chart
Raw Data
References
https://coinmarketcap.com/currencies/bitcoin/historical-data/
https://coinmarketcap.com/currencies/ethereum/historical-data/
https://coinmarketcap.com/currencies/ripple/historical-data/
https://coinmarketcap.com/currencies/steem/historical-data/
https://coinmarketcap.com/currencies/steem-dollars/historical-data/
@contentvoter
Thanks for sharing this informative post with us. I always try to read different posts of Crypto, SBD or Steem Market analysis because sometimes it's difficult to understand what's going and when we go through these type of posts we can understand different perspectives and in and out of the the trends, and from this post the information which i have received is, as you said the market capitalization of SBD is less than Steem, so it's more manipulative. Wishing you an great day. Stay blessed. 🙂