Hello all,
There's one thing I have ever noticed, after ico the token price dropped drastically could anyone explain why such is happening...
Eg, there are some tokens are I have in my wallet which I want to trade since then till now I have been waiting for the price to come up but instead decreasing. What do I do in this scenario?
I'm sure a lot of people can relate to this. It's actually the current trend and it's been on like this for over 8 months now. I have coins in one of my wallets which have almost become dust in terms of price. Sometimes, they go a whole week without volume of trade in those coins.
A lot of factors cause the drop in price of those coins. They range from dumping from private sales investors alongside their huge bonuses to lack of updates from the team and devs on the project. These project may as well be scams too. You might have to check their community to see what's going on in there and they're talking about.
I advise you check for updates on those projects whose coins you're hodling. If it's gotten to a situation where the team have simply gone quiet for a long time, then that's a red flag, and you need to make huge decisions of cutting your losses and moving on.