This coin can be saved, I will repeat once more. But the scammer Edgar won't be able to do it, no matter what even if he tried. The community and the premise, is salvageable and, given the low market cap, not difficult to get it going much higher, but -once again- needs someone at the top who truly knows what he's doing. Asshole loser Soares is NOT that guy.
wishful thinking ...ARCH without Edgar does not fly, and ARCH with Edgar is mortally wounded.
game over guys, the smell of death is imminent, we lost ... again
If that is the case, wise guy, how do you explain the humongous volume while the coin has comfortably rebounded, solidly from the 6000k level? You must be some kind of a genius. There have been 400 BTC+ traded, 90% of them on the higher side of the spectrum between 6000 sat and 9000sat. Riddle me that wise guy...
It's pretty easy to explain. I don't believe you don't know the answer.
People are trading because price is low (compares to price few days ago); market was/is oversold, so many people buying just for rebounce - you can call it dead cat bounce. I saw that many, many times and I traded oversold markets (even scams like XPY) with good profit.
Even if coin is scam, if there's:
1. good depth
2. big volume
3. little spread
4. big popularity/attention
5. market very oversold
you can trade it with pleasure, sometimes ultra short, very short, and you don't have to believe in coin.
I don't trade that type of markets for mid or long, because usually price is going down more (see XPY chart.. always down, from any level:)
I don't say that Arch wis going down but there's big chance to repeat classic crypto downtrend in that case.
