this pump is fraud of pump/dump group owners from telegram
I guess it is possible, any proof of this?
I agree, we will need to see proof that any particular P&D group was behind the price increase. I am a member of an Instagram P&D group, and while I haven't partaken in any of the pumping/dumping activity, I have limited myself to just watching and using it as yet another tool to gain a wide understanding of these markets and I have analyzed all the activities for this particular Instagram P&D group and I haven't seen any mention, not once of INCNT, they mentioned a few other coins like BAT coin, and some other weird low profile coin, but INCENT wasn't there. This leads me to believe that POSSIBLY the price hike wasn't related to soneone wanting to intentionally pump the price up, but mere people speculating, after all this is a speculative market where only one rule governs how the price is going to be next: speculation, or gambling, with the hope that with a future higher price pays a great return. I have noticed that the standard 24 H volume for INCNT was within the $5x,xxx ranges or 5 digits range but recently it has spiked to over $1.2 million for the 24H volume, this is something that is very difficult to perform with one of those classic Instagram Pump and Dump groups.
With the price of Bitcoin surging mid $8xxx people are starting to take it to the altcoin market and INCNT could be very well part of people's target of coins/tokens to invest/speculate or gamble in, since its total supply is limited to 48 million tokens, it's priced at $0.15 to $0.20 cents and its very easy to see this priced in the multi dollar range in the future giving its relatively low supply. Other tokens that has way more circulation than what INCNT has is priced somewhere around the 40 to even 1 dollar range and the friction to get to those prices was much higher than that for INCNT total-circulation-wise speaking, so I am pretty sure it can entirely be possible for one INCNT to be priced around $1~10 in the future.
Disclaimer: Everything that I have said is provided AS-IS, with no warranties/guarantees of any-kind. Nothing said here constitute investment advice. Always perform your due diligence before undergoing any determined course of action.