ARAD is at 0.4075u now. It spent the whole month hovering around 0.26, then suddenly shot up yesterday afternoon, surging to 0.4178 in just over a day—a gain of more than 50%.
I looked for ages and couldn't find any good news behind this move. No new listings, no partnerships. In fact, just a while ago, the project team admitted that the protocol had two serious vulnerabilities: data in its private repository was being transmitted online in plain text, and the fix would have to wait for a major overhaul. A coin that rises instead of falling after news like that is purely a small-cap being played by investors.
Its market cap is only a little over $20 million, while its daily trading volume is several times that. A few whales can send it soaring—or dump it back down in one go. This is exactly the kind of coin market manipulators love.
It once peaked at 27 in 2021, and is now down 98%. A 50% rise barely even makes a dent.
Buying in at this level will most likely leave you holding the bag. This rally won't be fully retraced until it returns to its starting point at 0.26. If it really holds above 0.4178, I'll admit I was wrong. #rad $RAD
I looked for ages and couldn't find any good news behind this move. No new listings, no partnerships. In fact, just a while ago, the project team admitted that the protocol had two serious vulnerabilities: data in its private repository was being transmitted online in plain text, and the fix would have to wait for a major overhaul. A coin that rises instead of falling after news like that is purely a small-cap being played by investors.
Its market cap is only a little over $20 million, while its daily trading volume is several times that. A few whales can send it soaring—or dump it back down in one go. This is exactly the kind of coin market manipulators love.
It once peaked at 27 in 2021, and is now down 98%. A 50% rise barely even makes a dent.
Buying in at this level will most likely leave you holding the bag. This rally won't be fully retraced until it returns to its starting point at 0.26. If it really holds above 0.4178, I'll admit I was wrong. #rad $RAD