How to find the next big altcoin before it pumps

What is Altcoin?

Altcoin is any cryptocurrency that is not Bitcoin. It is a type of digital asset that is created and stored electronically, and it is not controlled by any central authority. Altcoins are traded on cryptocurrency exchanges, and they can be used to purchase goods and services online. Altcoins have become increasingly popular in recent years due to their potential to increase in value quickly.

Altcoins are often used as an alternative to Bitcoin, as they offer more features and greater flexibility. They can also be used to diversify portfolios, as they can provide a hedge against Bitcoin’s volatility. Altcoins can be used to purchase goods and services, and they can also be used as a store of value. As with any investment, it is important to do your research before investing in any altcoin.

What is Pumping?

Pumping is a process of increasing the price of an asset through large-scale buying. It is a tactic used by investors to make quick profits by buying large amounts of an asset in a short period of time, driving up the price. This is usually done with the intention of selling the asset at a higher price shortly after, thus making a profit. Pumping can be done with any asset, including cryptocurrencies, stocks, and commodities.

Pumping is a risky strategy, as it relies on the assumption that the asset will continue to increase in value. If the price of the asset drops, the investor can suffer a significant loss. Therefore, it is important for investors to understand the risks associated with pumping before attempting it.