Why Moeda (MDA) is Pumping so hard?
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.
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.
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Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.