XPlay (XPA) is the only coin making a surge on the market today, as China continues their crackdown on cryptocurrencies. Bitcoin (available on Coinbase) has reached just under the $8,000 mark, which is the first time since November of 2017.  This morning the entire cryptocurrency total market cap is sitting just under $350 billion, slowly bleeding.

Source: CoinMarketCap

Currently, XPA is one of three coins in the top 100 cryptocurrencies, that is making gains this morning. However, if you see its price chart above it shows big red flags. Normal markets do not fluctuate with such sTron (available on Binance)g rises and falls. A few weeks ago, we reported that a lot of cryptocurrency trades now are done by automated bots. This is very similar to that of stocks, where investors program these bots to “pump” a coin or stock’s price by drawing in unaware investors and then quicking “dumping” the currency when it reaches a projected high. Classic “pump and dump.”

There are other clever ways that individuals have been “pumping” coins to make a profit. Facebook groups are another culprit, where a user will post a “fake” breaking release on a project and seek to get investors to put their money into a coin. With the cryptocurrency market unregulated, bots manipulation can easily occur. PACCoin is another classic example.