If you want to see a classic illustration of a pump-and-dump scheme, then check out the Insight Chain chart. On July 27th, one INB was trading at a price of around $0,3 per coin. 24 hours later, the coin got pumped to $2,4, having recorded an even heavier pump against Bitcoin. Another 24 hours have passed and ING was back to its usual $0,3 per unit. That was a textbook market manipulation. No wonder, given that this coin is being traded mostly on one cryptocurrency exchange - DragonEX.
QQ Alts June 17, 2020 Reply
INB has been pumped enormously in mid-December, which, as I suspect, has some funny smell to it. But then I checked the market cap and the trading volume of Insight Chain ($189 thousand and a laughable $179, respectively) and everything became clear. Also, this coin is traded only on Livecoin exchange, which makes it a perfect candidate for price manipulation.
Anime_Junkie January 18, 2020 Reply
It appears that Insight Chain is gearing up for another pump-and-dump, which had already happened once this June when the price of INB had skyrocketed to $4 in a matter of hours, and then crashed as fast to its usual levels of $0.3 per coin. Now, it's up 5% in a day whilst the rest of the market is largely red. I am not suggesting that one should go and buy a ton of INB and await the trip to the "moon". It just shows that the sole purpose of this particular cryptocurrency is to be a part of some scheme.
StanLey October 10, 2019 Reply
Is this a scam? Look at the first part of the description: insight Chain, a decentralized research ecosystem chain based on blockchain, will focus on data ecosystem on the blockchain domain firstly, works on building Wall Street-like financial order in the blockchain domain. What Does This Even Mean?
Pablo March 5, 2019 Reply
By Insight Chain, analyst can make research on crypto-currency companies, media and investor. Research data will be saved on the blockchain to keep data reliable and traceable.
anbe1k July 2, 2018 Reply
Insight Chain, a decentralized research ecosystem chain based on blockchain, will focus on data ecosystem on the blockchain domain firstly, works on building Wall Street-like financial order in the blockchain domain. It integrates companies, media, analyst and investor with blockchain technology, c...