Why is Up 18% While Everything Else Red?

[nxnqauff]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

This could really well be pump and dump kind of movement. Did you see another coin CRON? it moved more than 100% 2 days ago. See what happened today.. Its all in the game.

[letyouearn]

Low volume unknown coin not even listed on coinmarketcap... It's quite a low pump for this case taking into account all these details This coin typical daily movement is much higher then 18%

[Bonwin]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

I am not surprised, any coin can outperform others, irrespective of what might be happening in the market. If a coin is good, whether there is volume or not and with a slight good news, it is likely going to grow in such manner and sometimes much better than that. Hum did that recently, even with not so much volume.

[kravas86]

I do not see anything strange in this as many little-known cryptocurrencies had temporary popularity and green color in the market. But it lasted a very short time and this fact is not a reason to draw any conclusions. Whales play with the market and merge large volumes of bitcoin and as a consequence the price of all cryptocurrencies falls. Everything is simple and has always been so.

[clickerz]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

if this news true, maybe thats only a bull trap my friend,
https://twitter.com/DoveyWan/status/1171778926030417921

just becareful and always doing your own research if you want to invest on any altcoin

Nice dig up. Yes its very possible that its a trap, it happens always in crypto and be very careful not to lose  more than you can afford to lose. Sometimes its a manipulated one, just to get attention and being notice, just what happens now. At the end of the day, its better to count the profit, not the losses.

[Xardasim]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

If you are following this project, you should know why. Or if there is no reason around, just think of it as a pump. Already in the world of crypto, such increases are always possible, and the increase is not only in gxchain.

[desticy]

It is very likely catalyst for such strong growth was the update. This often happens on the market in projects with good capitalization.
For example, the SOLVE project over the past 24 hours grew by 26% and entered the top 100, while the entire market, as you may have noticed, is red ..

https://coinmarketcap.com/currencies/solve/#charts

[fortunecrypto]

It happens to every coin not only GXS, I have EOS coins and two weeks ago it's the only coins that is on green with 5% price increase, some coins are pump and dump coins, if the coins are good there is an ongoing development that investors are supporting that is the reason why the price is going up on certain coins.

[imstillthebest]

It happens to every coin not only GXS, I have EOS coins and two weeks ago it's the only coins that is on green with 5% price increase, some coins are pump and dump coins, if the coins are good there is an ongoing development that investors are supporting that is the reason why the price is going up on certain coins.

not only good but if the coin is not popular or should i say not so really good , only few will buy it and the movement will become stable or will only rise a little but someimes good coins are the ones that can dump the most because people keeps buying and selling them.  this coin on the op is i think only being advertise again.  i thought he will only ask about the market situation but it turns out that its another click bait again. urgh ..

[Rampagoe004]

That means the development of the coin is underway so it has no effect on other coins that are falling in price and this kind of thing has also happened to other coins not only on GXS coins, because investors are hunting a lot of these coins so this has often happened.

[deathcode]

not only good but if the coin is not popular or should i say not so really good , only few will buy it and the movement will become stable or will only rise a little but someimes good coins are the ones that can dump the most because people keeps buying and selling them.  this coin on the op is i think only being advertise again.  i thought he will only ask about the market situation but it turns out that its another click bait again. urgh ..

yes, it all depends on how the request to the token. if you have a large demand, no problem the market is in decline. prices can increase if the number of requests is in large quantities. we have seen that happen to BNB coins at the time of the decline at the beginning of this year. the market is down and BNB can overcome that with the updates he made.

[Wintersoldier]

Because it is low market cap coin with low trading volume. So every bigger order pump the price up. That is why we don´t see such big move on high cap altcoins for now. 

Another reason relies on the concept of trading, if we will going to look at the RSI and MACD, the particular crypto could be oversold, that is why allot of people are now accumulating it that it reaches 18 percent while the other's are not. This is due to the fact that it was being hyped in some point, that a great news and updates concerning it is then evaluated in a certain area that makes it become positive. I am not much in favor that it is a bull trap. Cryptocurrency is volatile and we should know that.

[tsaroz]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

Crypto doesn't need a solid reasons to have a sharp rise or fall. And it's easier for a low supply coin to change it's price.
The most obvious reason for one coin going in the opposite direction from others is a pump or dump period. Sometimes it may also be due to some drastic news that may effect the future of coin in one way or other.

[dcomomal]

There is only one reason for the price increase, they have posted another major update. But in my opinion to release something on a red day is not the best idea, because potentially the team could have gained much more.

[bitgolden]

GxChanin (GXS) is up 18%+ while everything else is red, including bitcoin price. Anyone knows why?

https://www.cryptozink.io/currencycoin/GXS/gxchain/

The project has its own use case differently from other, and their increase all depends on their marketing strategy, if they are able to market their product perfectly well, then they will surely get an increase as much as they need.

Looking at this project that you mentioned, you will see that they have a very active team that are working hard and promoting their project while they also have a working product, so if their coin was not artificially pumped, then I think that their handwork is what must have been paying up for them right now. Altcoin must not depend on bitcoin for them to increase, it is only a lazy altcoin that will always depend on the increase of bitcoin for them to be lifted up. If altcoin manage their project very well, they ought to be completely independent.