To my fellow community and crypto friends,
I'm sure we all feel somewhat anxious, exhausted and perhaps disappointed with a few certain events that have happened during the last few months - and im not talking about DIW Token alone, im also talking about the entire market in general! I wanted to express myself because I, along side others in this community, have waited long for things to happen - not saying actions have not been taken and executed, but certain things have delayed and postponed DIW Tokens roadmap and caused what we might call a ripple in the pond. So I will stop beating around the bush and get to my point...
Questions have arose ever since DIW Tokens ICO ended and we hit the exchanges, questions like, Why is the token price so low? Perhaps you are one of those early investors (just like me) who spent many ETH to participate in this ICO and now you cannot see any profit...So why has this happened?
There are many aspects as to what drove the price to this position, and created this uncertainty and I believe you should spare some time to read the reasons and my analysis below.
1. Facts are facts, Bitcoin and Ethereum are the leading coins in the market, so it's as clear as daylight to know that when the market is bearish and the main coins like BTC and ETH go down, then everything will tumble down with them and hit rock bottom. This is the same for ALL coins especially for ICOs that are trying to come up into the crypto space and become part of the "larger pond" - the market.
2. Another point that has come to mind is, when the market is in the "bloody" state that it is now, then people tend to worry, panic and be weary of how to invest or trade. For example, panic sellers not many but a few have made bid orders below a certain degree which basically means that with the small volume of Ethereum that currently exists, then the outcome would be the low price that we all see now. Truth be said, this is not a realistic price because there is a small volume in trading.
3. A sub-question that has popped up as i was analyzing all the likely reasons to our current condition is, the DIW team has not fully delivered and executed some important things, in effect causing uncertainty and doubt within the community. One important issue is the Token Distribution! Many members of the community including myself, continuously mentioned that we did not want the bounty tokens distributed prior to hitting the exchanges. So when we actually hit the exchanges, there were no buyers and the reason being is that the bounty had not been distributed yet. Waiting for the bounty to be distributed and waiting for things to settle down before making any buy orders would of been the wiser choice.
4. Burning of Tokens! We expected that the team would burn the tokens after bounty distribution, and i believe that the price has been effected due to this too. The circulating supply has not been put down in writing or announced anywhere so this has created uncertainty, confusion and we the community need to see these numbers.
5. Something that is on my mind but noticeable by other members of the community is the 2 exchanges that we have been listed to. Latoken and IDex are not popular when it comes to ICOs, they have some volumes but they don't have high volumes so this has effected the attitude of members too. The fact that the DIW team collected under 2000ETH throughout the ICO has made it difficult for them to enter into a better exchange with higher volume but I for one has seen ICOs join smaller exchanges in the beginning and then join much larger exchanges later. So i believe that this has also played some role in the whole price.
So these are the reasons i feel have affected the price of DIW Token, and i hope everyone see this and takes note to what i mentioned because it was spoken with all honesty.
Finally i believe that after what was mentioned above, we need to consider these things and I for one will continue to support the team as i've been doing so far.
Thanks for your great insight! I agree with all the points you mentioned. We have to be patient and let the team do their work. Once all the steps are taken and tokens are burned we will know the exact valuation of the project and I am sure we will get plenty of buyers on the exhanges!
