Re: [ANN][TOKEN] XYO - Decentralized Crypto-Location Oracle Network. Sale 20.03
They could have also set up a smart contract
XYO token price is definitely supported, it can be the team or some big investor, who is interested in keeping certain price level.
But in any case it looks like a positive sign.
Nobody will put resources up to keep a certain price level as there is no point in doing so. The market will decide and if XYO is a great network the price will reflect that accordingly.
It's interesting how stable XYO holds the price since bounty hunters started dumping their tokens about a week ago.
Let's track XYO after crypto market turns bullish.
The bullish market will not affect the price of the token until the team launches its platform. I am sure that the price of the token is now supported by the team.Let's track XYO after crypto market turns bullish.
XYO token price is definitely supported, it can be the team or some big investor, who is interested in keeping certain price level.
But in any case it looks like a positive sign.
Nobody will put resources up to keep a certain price level as there is no point in doing so. The market will decide and if XYO is a great network the price will reflect that accordingly.
All I can advice you is to spend certain time googling and reading about existing market mechanisms.
Searching tips: check what causes Flat Market and learn how to properly interpret Market Depths.
