Which cryptocurrencies are most commonly targeted by scalpers?

3 answers

• Dec 20, 2021 · 3 years ago
  Scalpers often target popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have high trading volumes and liquidity, making it easier for scalpers to enter and exit positions quickly. Scalpers are attracted to the volatility of these cryptocurrencies, as price fluctuations provide opportunities for short-term gains. Additionally, the widespread adoption and recognition of these cryptocurrencies make them more susceptible to scalping activities.
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• Dec 20, 2021 · 3 years ago
  Cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA) are also commonly targeted by scalpers. These cryptocurrencies offer similar characteristics to the popular ones mentioned earlier, with sufficient liquidity and trading volume. Scalpers take advantage of the price movements in these cryptocurrencies to execute quick trades and profit from short-term price fluctuations.
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• Dec 20, 2021 · 3 years ago
  At BYDFi, we have observed that scalpers often focus on cryptocurrencies with lower market capitalization and trading volume. These include emerging altcoins and tokens that have recently gained attention. Scalpers exploit the lack of liquidity in these cryptocurrencies to create price imbalances and profit from the resulting volatility. However, it's important to note that scalping activities can have a negative impact on the overall market stability and should be approached with caution.
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