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[aryan4]

Crypto analytics firm Santiment says the rise of an altcoin has been fueled by crypto whales.
This altcoin: REN
The data show a sharp increase in Rhine whale owners from late January to mid-February.
What do you think about this coin?

 

[Wisdom01]

I think its best to stay away from the coin for now , if you don't want to lose more because a small coin that have so many whales is really volatile and could drop and rise drastically

 

[aryan4]

I don't know what affected the price. But when this news was shared 2 days ago, it was about $ 1, tested $ 1.80 and now it's around $ 1.46. She made a nice profit.

 

[Niftyicon]

I think its best to stay away from the coin for now , if you don't want to lose more because a small coin that have so many whales is really volatile and could drop and rise drastically

I agree with you. Investments in this coin could be quite risky. The unfortunate thing in such situations is that while the whales are controlling the markets, those who lose the most are the micro investors.

 

[BullyMaguire]

They could have just trying to pump this coin for trading purposes so be careful not gonna hurt checking it out though. It's risky to hold for long term though

 

[Wisdom01]

I agree with you. Investments in this coin could be quite risky. The unfortunate thing in such situations is that while the whales are controlling the markets, those who lose the most are the micro investors.

Yeah whales are mainly in search of little coin they could try and manipulate , so that many who imvest would lose a lot of cash from the investment , which i dong really like i think

 

[Wisdom01]

Yeah whales are mainly in search of little coin they could try and manipulate , so that many who imvest would lose a lot of cash from the investment , which i dong really like i think

Yeah they always in search of what they could manipulate and get more profit from young investors,so they make use of the pump and dump mode

 

[Rollerkid]

Crypto analytics firm Santiment says the rise of an altcoin has been fueled by crypto whales.
This altcoin: REN
The data show a sharp increase in Rhine whale owners from late January to mid-February.
What do you think about this coin?

I also think this coin will be a very good coin for active because checking the number of whales associated with it, the price increase and decrease will always be of high percentage.

 

[Josemendez]

Whenever whales invests in a coin massively, it creates FUD , and this causes people to rush towards buying it ,and thus the price rises

 

[aryan4]

The price is around $ 1.07 for now. It has fallen to these prices around $ 1.80, which has risen rapidly in the past time. I am not an analyst, but it seems to be very close to the support levels on the daily chart. I aimed to invest some amount if it goes just under $ 1.

 

[Josemendez]

The price is around $ 1.07 for now. It has fallen to these prices around $ 1.80, which has risen rapidly in the past time. I am not an analyst, but it seems to be very close to the support levels on the daily chart. I aimed to invest some amount if it goes just under $ 1.

Well , I will have to watch the coin first before investing in it . Many coins has risen rapidly only to fall within seconds to a deep fall.so we need to be careful while investing in any coin

 

[Josemendez]

You're correct. Most of the lower coins drastically falls down after overseeing a rapid increase in its price during its early existence. That's why i don't rush to invest on any of them.

Well ,you can also use the same opportunity they have a rise to sell and have your gain . However there are some of them that their white paper will tell you that they have future

 

[Josemendez]

I think its right to sell immediately it makes such quick stride. I won't be missing out on such development whenever it surfaced via binance app. You're also correct, their coins you'll see through their white paper you will understand they have great future ahead of them.

Yeah. There was a coin Alice that was farmed for some time in Binance before listing, after listing the coin rose up to $38 before falling back to $15 . Those who farmed it sold it at $38

 

[Josemendez]

They really gained from the coin, cos the increase at its early stage was massive. That's why I'm always searching around coinmarketcap to discover such kind of coins to invest at the early stages to make immediate returns for my investment.

Binance is the best place to earn from newly launched coin because one is able to earn the coin for free just by staking his or her BNB

 

[Josemendez]

You're correct. That's why I'm sticking to the exchange platform. They got what i want from a crypto exchange site. It is mobile friendly, easy to use platform.

Another advantage is that I can sell directly to my local currency without much stress unlike holdl my coins in platforms where I have to first send to another exchange for withdrawal