This coin is being heavily manipulated by a whale with large bags. They're using a bot to drive the price up right now. Anyone that buys now will have a high possibility of buying into a dump. This is what makes the markets look bad. Instead of letting the market dictate price you get scumbags with bot software and large bags manipulating the price. I've seen this happen with chaincoin and a lot of people lost a lot of money.
This actually does long term damage to the coin because investors that buy into the dump and lose a lot of money will never invest in the coin again. The coin should have a natural progression in price dictated by investors. Not large bag holders using bot software to manipulate the price.
What’s your evidence for this?
The fact that it was trading for month at below 200 sats with low volume around 50k per day. Bitcoin started to surge and every other coin went down except xby. How could a coin that hasn't finished its tech, has no new developers, hasn't added any new exchanges start to surge huge when bitcoin was also surging. Now if bitcoin surges that usually mean altcoins take a beating. It surges to 2000 sats and 3 million in volume in no time.
It's like saying a guy just broke the running one mile distance world record while running against a hurricane force wind . He did that without some unnatural assistance. Would you actually believe that happened.
If you believe that this surge is caused by market forces and not a large bag holder using a bot you are one naive investor. I've seen this happen before so I know how it works. Of course a large whale is using a bot to manipulate the price.
You better hope the whale doesn't turn off the bot and cause the price to crash because if you buy into the dump when he dumps his large bag you'll be holding empty bags while he's running off with the loot.
Listen newbie with ALL posts that are negative/against XBY...
Let me explain you why you should not accuse anyone unless you actually have evidence. All you gave us is some kind of evidense to your accusation that has alternative explanation. For example: why XBY kept it's price... hmm.. just because they had good news in their update that made prople to buy more and because volume is still small enough few persons that entered with relatively small ammounts to keep and raise price.
Alternative explanation of your "evidences" can be easily provided as they are actually your opinions based on your interpitation of facts only, so please take your FUD elsewhere but based on your post history... I think this is your main objective , to spread FUD here, so I guess we stuck with you.