Why Moeda (MDA) is Pumping so hard?

October 8, 2018 by Hitesh Malviya

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What is Moeda Loyalty Points

Moeda Loyalty Points is a cooperative banking system on the blockchain with an aim to empower regular people across the world and promote the interests of excluded communities in a way that is fair and sustainable. Its available on leading exchange – Binance for trading.

Coin Information

Market Cap: 16 M$

All Time Low: 0.00005217 BTC

All Time High in 2018: 0.0004529 BTC

All Time High: 0.00088 BTC

Trading Range(7 Days): 0.000059 – 0.00013 BTC

Growth in last 7 days: 110%

Why It is Pumping?

First reason : Its is shilled hard by traders on twitter because of its low supply. The total supply of MDA is 20,000,000. Around 99% Supply is on circulation. Other coins with similar or over supply are trading above 1$. Waltonchain is an example trading above 3.5$ having 40 M Supply, Waltonchain was also pumped in past and supply was the only catalyst for pumps.
Second Reason: MDA is currently sitting at very thin support and resistance zone which is getting manipulated by Whales with 47 BTC wall to pump and dump prices in minutes.