The Old Dog Notices: Strange Market Cap Anomaly! by kus-knee

marketcap · @kus-knee · Apr 3 '19

$10.67

The Old Dog Notices: Strange Market Cap Anomaly!

<html>
<p>It's so cool to see the pump in the market but what's up with this?</p>
<p><br></p>
<p><img src="https://i.postimg.cc/pdM29nYh/Screenshot-2019-04-03-at-14-00-11.png" width="800" height="367"/></p>
<p><em>Today at 14:00 the 24 hour volume for EOS was higher than its market cap!</em></p>
<p><br></p>
<h1>Can Anyone Explain That to Me?</h1>
<p><br></p>
<p>Thanks for following me on my travels and I look forward to sharing my adventures with you.&nbsp;  &nbsp;</p>
<p><br>
Until next time,&nbsp;</p>
<p>&nbsp; &nbsp;<br>
<a href="https://steemit.com/@kus-knee">@kus-knee</a> (The Old Dog)&nbsp;</p>
<p><img src="https://steemitimages.com/p/5CEvyaWxjaEsors4aeW1i3TMYVmNDvb4sqDokTToZff4kYDzovxqXN4FQkBqm1jP6TaRuZy8oS3ThnU4e?format=match&amp;mode=fit&amp;width=640" width="200" height="79"/>&nbsp;</p>
<h1>Let's Succeed Together!</h1>
</html>

👍 onceuponatime, kus-knee, broncnutz, michealb, tomhall, ace108, gardenlady, lichtblick, ericvancewalton, dobartim, vikisecrets, goodvibrations, amico, peter-parker, uwelang, englishtchrivy, kalemandra, daltono, freiheit50, playfulfoodie, airmatti, cryptopie, sebastianjago, fibra59, lellabird60, aksinya, bitcoinsig, newageinv, dgiors, nba05, scaredycatguide, marginal, gladiatom, rynow, paolobeneforti, ekavieka, evimeria, steemprentice, wiralhokseumawe, jlufer, artwithflo, dine77, runridefly, builderofcastles, theguruasia, carolineschell, nrajesh, nhlhockey, golden-bellerina, lil4a, pickoum, ice-net, ezravandi, steemchoose, accelerator, dylanhobalart, mashiliyanage, rhampagoe, jadabug, ahlawat, imisstheoldkanye, beetlevc, steemtruth, hdu, and 71 others

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@amico · Apr 3 '19

$0.02

___
### <center> Everything is okay! 👌 </center> 
___
You received an automatic upvote, because I believe in you and I love what you create! 😉

A huge hug from @amico! 🤗

<sup><sup><sup><sup>😍 I love promoting @steembasicincome, even with #sbi-skip! 😜 </sup></sup></sup></sup>
___

<center> If you dislike this automatic message, please let me know: thanks! 🙏</center>

👍 kus-knee, dustbunny

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@kus-knee · Apr 3 '19

I must admire you for being so consistent!

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@gardenlady · Apr 3 '19

i just took a gander....same with ZCash, Qtum, and prob others (shrug emoji)

👍 kus-knee

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@kus-knee · Apr 3 '19

$0.06

Crypto is strange!

👍 gardenlady

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@manorvillemike · Apr 3 '19

Most likely an unidentified banking whale getting the jump on the rest of the banks.

👍 kus-knee

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@kus-knee · Apr 3 '19

Good guess.

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@newageinv · Apr 3 '19

$0.03

Could be fake trading on exchanges that are trying to apprar on the most active given that moving EOS is so cheap but it can also be actual trading as it has become a main asset to trade as liquidity has dramatically improved.  What is more interesting is that a good portion (I believe it was like 30-40%) of EOS is staked which means it cannot trade.  That makes these volumes even more incredible!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)

👍 kus-knee, wolffeys

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@kus-knee · Apr 3 '19 (edited)

Thanks for the insights. Do you hold EOS?

Never mind. 😁

https://steemit.com/esteem/@newageinv/monthly-crypto-portfolio-update-march-2019

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@newageinv · Apr 3 '19

No problem! Not much but it has been an interesting experiment!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)

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@cryptopie · Apr 3 '19

$0.06

It is just the crazy crypto market doing its normal crazy stuff @kus-knee ;)

👍 kus-knee

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@kus-knee · Apr 3 '19

$0.02

It's fun when it goes up but..........

👍 cryptopie

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@cryptopie · Apr 3 '19

Yes Sir @kus-knee I heard that Coinmarketcap is just inaccurate about its stats sometimes.

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@gniksivart · Apr 3 '19

$0.03

Volume is just transactions. Could be a lot of people looking to buy and sell at around the $5 price range, but as newageinv pointed out it's probably just a lot of wash trading where exchanges buy and sell EOS to themselves to "increase" volume on the exchange to try and increase it's popularity.

👍 kus-knee, alexvanaken

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@kus-knee · Apr 3 '19 (edited)

The mysteries of the financial world and especially crypto!

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@alexvanaken · Apr 5 '19

Exactly. It’s buys and sells combined over 24hr 

Posted using [Partiko iOS](https://partiko.app/referral/alexvanaken)

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@cloudspyder · Apr 3 '19

It's fun now when it all green. People on speculation, FOMO is every where, but all of this seems to be an artificial. A bait for speculator who will soon become broke and never touch cryptocurrency again.

👍 kus-knee

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@kus-knee · Apr 3 '19

I’ve seen fortunes made and lost in my years with crypto!

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@theguruasia · Apr 4 '19

$0.20

@kus-knee,
Probably a sh!t happens with CMC lol :D No one noticed but you did!

Cheers~

👍 asimo, minnowspower, kus-knee, bot2020, hdu, elviento, votes4minnows

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@kus-knee · Apr 5 '19

Strange!

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