MultiversX Tracker is Live!

How VanEck manipulated the market and nobody talked about it

All Cryptocurrencies

by COINS NEWS 143 Views

How VanEck manipulated the market and nobody talked about it

Whales are always the one's who are pulling the strings, everywhere and especially in crypto.

This sub's most controversial crypto "Solana" recent pumps have some reasons, one of them is [VanEck’s Base, Bear, Bull Case: Solana Valuation by 2030 - report](https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/?)

In this report amoung other things they did a price prediction for SOL in 2030:

VanEck's priceprediction for SOL

This report of published on October 27th 2023, Solana's price at this date was $31.72.

2 Weeks earlier SOL ranged around ~$23 (guess who's filling their bags by then).

After the report got published, SOL pumped up to $45 due to people FOMO into it.

Now you could interject that this is just "coincidence" and everything pumps at the moment.

There are **two reasons** this is not coincidence, but orchastrated manipulation:

**1:** SOL pump harder than other coins

**AND**

**2:** VanEck did the exact same "trick" with CosmosHub ATOM:

In August 15th 2022 they made a [similar report for ATOM](https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-why-we-are-bullish-on-atom/?)

They were bullish on ATOM, but not anymore...now they like SOL

Here's a quoted text from this report:

> The supply of ATOM in 2030 is estimated using today’s token supply figure of 302.3M and a target inflation rate of 13% with an estimated deceleration rate of 10% per year. Discounting that price back to today using a 26% discount rate, we arrive at a price today of $139.62.

On 27th Oct, the price for ATOM was $12, it pumped to $16 few days later.

__________________________

You see? This is no coincidence, this is market manipulation at its finest. They will ditch SOL any time for the next pump and dump scheme.

submitted by /u/derika22
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments