Also, ENJ coin is currently in pre-sale but they will be doing public crowdsale next month. What is the difference between pre-sale and public crowdsale?
Thank you.
The start price on any exchange is also defined by the market - the users of the exchange. When the trading starts, buy and sell orders start appearing and it is up to everybody at which price they are willing to sell and buy. That's why there are often big spikes in price at the beginning of trading - someone didn't have a clue and bought at 10x real price because that was the lowest sell order at that time