I have realized some tokens do well right after it's launched on exchange. Some tokens are hyped and yet perform badly on hitting exchange.
I was told any time tokens are released on decentralized exchanges, they get dumped but I've realized it's not the same for every token.
What do you think influences these prices actually from your own point of view.
I was told any time tokens are released on decentralized exchanges, they get dumped but I've realized it's not the same for every token.
What do you think influences these prices actually from your own point of view.
For my opinion future of token after ICO depends on several factors.
One of most important factors is how competently ICO was made. It is not a secret that most of all people buy new tokens to earn money of its growth after entering the market. If somehow the creator will convince buyers that his token supported, usefull and it will grow people will buy it.
And of course current situation on cryptocurrency market is important too. If market shows fall trend people will reluctantly buy new tokens because top cryptocurrencies are more reliable.