Event:
In the last 24 hours, the $GIB memecoin demonstrated an incredible 125% increase, and the market cap is now at $2.2 million. Such a dramatic spike caught the attention of the cryptocurrency community, given that the token had not exhibited meaningful activity prior to this dump before. It is important to mention that the price of $GIB is still highly volatile, and its all-time high remains well behind current levels.
Pump review:
The main driver of $GIB growth is the activity of the community, which is actively attracting a new audience through social networks. Unlike many memecoins, where pumps are often organized by large holders, here it was the community that played a key role. However, the lack of support from the project team raises questions about the long-term nature of this growth.
$GIB Team:
The $GIB team has not been actively promoting the token. As in successful memecoins, where developers and marketers collaborate with the community, here the creators are effectively not involved in the process. This lowers investor trust and questions the project's future.
Future analytics:
Our analysts believe that the forecasts for $GIB look pessimistic. The lack of real utility and use cases, low liquidity and the risk of a sharp collapse after the pump, the passivity of the team, which does not contribute to the development of the ecosystem. All this plays against the development of the token.
Conclusion:
$GIB is not a highly promising memecoin that fails to give returns in the long term. We think survival is unlikely to happen
Despite the short-term success, $GIB is unlikely to remain on the market. There is a complete lack of support from the team, and its price experiences strong volatility paired with dependency on speculative interest, making it an extremely unreliable asset. You can find more information about the token in its contract - 93s39pnRwp5NUxvJ3A5zDWoXxKxqW4RCVzMuNsKZbonk
We are still watching the situation with $GIB.
This article is not financial advice!
