here we go.
gari has failed to rally above the blue resistance line so a move up will be very hard.
if it breaks below 0.095 then its going to fall further down.
2 MAJOR SUSPECTS FOR THIS CRASH.
1) an individual trader who dropped all or most of his holdings and hence the drop.
2) my main suspects are the gari team themselves. here is my theory: gari mining had began a few weeks ago and there are badges for sale to boost the mining. with a price standing at 0.8 and above, most users were able to easily mine 20-30 usdt worth of gari. hence most users would not buy any badge. while the free mining was going on, many users and creators were able to mine enough to add a little gari more to buy a badge. hence i strongly believe the team has a hand in this move. also the token supply has increased and the team hasnt provided any solid evidence as to where the this supply went. more than likely the culprits will get away with this as its easy to hide the cause of the rug.
furthermore, the team brought about new measures to mining gari hence making it even harder for an individual to earn anything significant without a badge. buybacks have been promised but no buyback done has been shown.
QUESTIONS: will gari team be able to gain back the confidence in the market? will gari token have an all time high soon?
gari has failed to rally above the blue resistance line so a move up will be very hard.
if it breaks below 0.095 then its going to fall further down.
2 MAJOR SUSPECTS FOR THIS CRASH.
1) an individual trader who dropped all or most of his holdings and hence the drop.
2) my main suspects are the gari team themselves. here is my theory: gari mining had began a few weeks ago and there are badges for sale to boost the mining. with a price standing at 0.8 and above, most users were able to easily mine 20-30 usdt worth of gari. hence most users would not buy any badge. while the free mining was going on, many users and creators were able to mine enough to add a little gari more to buy a badge. hence i strongly believe the team has a hand in this move. also the token supply has increased and the team hasnt provided any solid evidence as to where the this supply went. more than likely the culprits will get away with this as its easy to hide the cause of the rug.
furthermore, the team brought about new measures to mining gari hence making it even harder for an individual to earn anything significant without a badge. buybacks have been promised but no buyback done has been shown.
QUESTIONS: will gari team be able to gain back the confidence in the market? will gari token have an all time high soon?