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.
Read this article to know Why you should buy Qtum
Join the Instant Crypto News Aggregator Channel of IBC on Telegram