The rise of interest in cryptocurrencies amid Bitcoin (BTC) and Ether (ETH) bull runs often goes hand in hand with the proliferation of scams and manipulation schemes related to various altcoins. One of the main manipulation schemes running in the crypto markets is pump and dumps. These schemes artificially inflate the price of the asset to enable a select few to sell it at a higher price before it ultimately comes crashing down.
What makes crypto markets more vulnerable to such schemes when compared with traditional equity markets is that cryptocurrency is an asset class that is void of underlying fundamentals, while securities often have company fundamentals backing them.
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