Why did CVP soar alone when the prices of Bitcoin and Ethereum fell?

Binance has a watch list. Binance monitors the currencies on this list and can remove them at any time.

Although this is not a glorious list, we found that the currencies on this list often rise suddenly, even when mainstream currencies such as Bitcoin fall.

But they have a rule, they will start to fall after a big rise.

Reference beta fell for half a month after the big rise on June 27, and Arko has been falling since the big rise on June 28. Why is this happening?

Because the development of these currencies themselves is not very good, otherwise Binance would not put them on the watch list.

Secondly, their rise is without signs, not because there is any good news about the project itself, nor because of the high market sentiment and a large number of investors buying frantically, but because someone manipulates their prices to cause the rise.

Because a large number of chips of these currencies are not in the hands of retail investors, and the circulating market value is very small, it becomes easy for traders to manipulate their prices.

However, such a rise will not last too long. Because this is a false rise, the chips are limited, and when the chips are almost consumed, the price starts to fall.

So we should not buy these coins when they rise, we should wait until they start to fall, and then we will look for opportunities to short them, and the same is true for CVP.