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A Fundamental Use Of Crypto Coins||

samin1 - 2024-06-15 15:40:33





Assalamu Alikum








how are you all In today's post I will talk about why coins pump and why coins dump. See there are many reasons behind pumping coins. Sometimes coins pump if a coin becomes popular. These are also known as Mim coins. Mim Coins are seen by people making a lot of Mims with them which makes the coins pump a lot. As doggi coin pumped it a lot.

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![pexels-rdne-stock-project-8369648.jpg](https://cdn.steemitimages.com/DQmcDCNghLNizP4oB792bKNNZtdZz7RMjdD6bLdLjN39T9A/pexels-rdne-stock-project-8369648.jpg)

[Source](https://www.pexels.com/photo/overhead-shot-of-a-tablet-and-bitcoins-8919521/)
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Many times people start trading more in the coin which causes it to pump more. Among these we can mention Bitcoin. Bitcoin trading causes it to pump When the price of Bitcoin goes down, people trading on Bitcoin means people start buying Bitcoin which causes the coin to pump.


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![pexels-bastian-riccardi-7634158.jpg](https://cdn.steemitimages.com/DQmb9qEp1zXJvTKFgxxNy2ByzvGCLvx567HUS3ZWg85ELJx/pexels-bastian-riccardi-7634158.jpg)

[Source](https://www.pexels.com/photo/close-up-of-coins-and-banknotes-7634158/)
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Again by dumping coins when people start selling coins a lot suppose a coin pumped a lot now time to get your profit from here but you sold the coins many people like you started selling the coins due to which the price of the coin slowly decreased.

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![pexels-gosia-vrdg-18306050.jpg](https://cdn.steemitimages.com/DQmVyUUi62gB6i8DR9gagzVvr4MtAjbuVVVVsuFMmUYMwwy/pexels-gosia-vrdg-18306050.jpg)

[Source](https://www.pexels.com/photo/close-up-of-polish-coin-18306050/)
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Many times people scam the coins by not paying as much as they are supposed to supply and as a result the price of the coin decreases. Sometimes bad news comes and the price of a coin drops. For example, sometimes the price of Bitcoin falls due to bad news. So friends, today's post is being seen in a new post. Thanks everyone.