Pump and dump schemes have recently gained some traction in the cryptocurrency sector. Coin prices frequently increase for no apparent reason before plummeting the following day. Notably, market participants now use these regular pumps as profitable trading tactics. The top coins being pumped this weekend are listed below.
Prosper (PROS)
The cryptocurrency performing the best on Saturday is prosper. The PROS token has increased by over 30%, according to Binance, making today one of its best days.
It is a remarkably small cryptocurrency called Prosper. It ranks 1,820th in terms of market capitalization according to CoinGecko data, with a market cap of just $1.1 million.
Prosper is a blockchain project in the prediction market that is supported by Clover, Ava Labs, Chainlink, and Bonded Finance. The BNB chain is used to construct it. By foreseeing the trend of an asset, it aids cryptocurrency traders and analysts in making money.
It is comparable to a betting site supported by smart contract technology. The fact that it has a prediction insurance that makes use of the PROS coin is one of its best features. Nevertheless, there is a chance that the price will pull back soon even in the absence of a significant catalyst.
Quant (QNT)
Another cryptocurrency that is currently being pumped into the market is Quant. In the last day, the coin’s price increased by more than 25%, increasing its market capitalization to more than $1.1 billion. It is the world’s 51st-largest cryptocurrency.
The objective of the blockchain initiative Quant is to make real-world solutions and interoperable ecosystems accessible to the majority of people. The project is primarily designed for business clients like banks and insurance firms.
These businesses can use its technology to develop their own capital market solutions, compliance goods, payment networks, and digital currencies. For instance, this product can be used to create a stablecoin. The recently released Overledger 2.10 is probably the cause of the price increase.
BurgerCities (BURGER)
One of the most well-liked cryptocurrencies among those involved in pump and dump schemes is BurgerCities. It’s a cryptocurrency with a market cap of more than $150 million. It is a blockchain gaming tool that enables players to participate in a variety of games in the metaverse.
On Saturday, the price of BURGER increased by more than 25%. This rally is primarily due to the protocol’s recent integration with iZUMi. This is a part of the network’s expansion of its DeFi protocol, which also involves collaboration with sites like PancakeSwap, Biswap, and BakerySwap.
Other cryptocurrencies being pumped alongside BurgerCities, Quant, and Prosper include MFT, WING, FIDA, and Unifi.
Top 3 cryptocurrencies being pumped this weekend: a pump-and-dump list appeared first on CoinJournal.
