DeutschThe term “shill” is also part of the ever-growing crypto vocabulary. Someone who is referred to as a shill is a type of decoy. These crypto users push cryptocurrency prices – often for no apparent reason. The aim is to specifically increase interest in certain cryptocurrencies.
In the worst case, misinformation is deliberately spread by providers paying for such hype. Either way, shilling aims at rising prices for a currency. Faster than the natural development of demand would normally allow. A shill can be, but does not have to be, a fraudulent attempt via a scam.
So, when someone “shills” their cryptocurrencies, it means that they are trying to promote coins or tokens from their own portfolio. This is especially common with lesser-known altcoins.
