Why Big Successful ICO Coins Price are sinking? - page 16.

anov996

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Quote from: akashark on October 03, 2018, 09:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

Project huge winning in ICO doesn't suggest it's should return capitalist 10x profit come back once 1st listed on exchange, I've be part of some ICO project that raised over 20M, once few month worth do not offer ME 10x profit , it's work out 10x ICO worth currently, I've no plan what's the rationale, perhaps value still below correction?

taguig

copper member

Activity: 479

Merit: 11

It's the market current condition, this is one of the risks of investing on ICO if you an investor and you are late to sell chances are you are going to miss the big pump at the start of the trading, this is one of the reason why investors opted to buy the token when it hit the market because it's safer and profitable.

mr_smith99

copper member

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Well the whole market is downfalling, and hopefully all the altcoins will recover eventually

lordaquila91

jr. member

Activity: 97

Merit: 1

The ICO projects are ruining the cryptocurrency world. Please don't take me wrong there are some great ICO projects there are doing smth for the whole blockchain ecosystem but other ico's are just shit projects with nothing to offer, but a quick way for the team to have a lot of money

gooryheta

member

Activity: 167

Merit: 10

Also project called 4new KWATT token ICO was $2 raised 45 million USD but after listing exchange now price is $0.03, I don't know why its so ridiculous?

bitcoindusts

sr. member

Activity: 1050

Merit: 269

We all know that the world of altcoins where plagued by scam coins in the recent months. They boomed like mushrooms, crowdfunding on every idea they could get, setting up the ICO, declaring they hit the softcap in just a matter of days then finally vanishing in thin air.

There were scams one after the other that hurt the confidence rating and trust level of altcoins in general. Thus, we see a lot of investors shy away from this field. Even trading was affected too. People got fed up with scam coins that many decided to stay away from it as much as possible thus, we see lower coin capital and poor market activites too. And without movement, any altcoin is doomed.

batang_bitcoin

hero member

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The reason behind is they are affected with the bear market.

I guess you have been aware that the market has been drought for several months so they are part of the ecosystem where it has been a domino effect. If you bought these coins during their ICO price then you are at loss, probably I guess. It's the bear market the reason for every coin's down now.

handyhuman

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Activity: 238

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Quote from: akashark on October 03, 2018, 09:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

the reason maybe the price are sinking is because the market is currently moving down and its almost impossible to move something in one direction when everything else move against it.

cryptowolfsu

member

Activity: 476

Merit: 10

There can be many reasons of the coin price declining of successful ICOs . One of the reasons can be the market situation, the
other one is that the team is not dedicated for development and not fulfilling the promises. The next reason could be that the team
raised enough funds for having vacation on an exotic place and do not bother with the project any more.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

Probably the most important reason why this happens is because developers don't really care about that coin anymore and they don't put much effort in to make it better and promote it further so that their project doesn't expand anymore. Thats what happens with a lot of ICOs because more than 90% of them are created just to raise free money from investors and their actual purpose is not to create a new revolutionary project that would help the world.
Another reasons why the price of ICO coins are going down could be because all the market is currently moving down and its almost impossible to move something in one direction when everything else move against it. So every coin follows the current market trend and moves down.

akashark

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Activity: 387

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Quote from: harapan on October 03, 2018, 10:09:57 AM

Yes, I see the coins that you mentioned above have very cheap prices on the market, maybe this happens because the market is currently experiencing a price decline, causing a lot of ico coins that have lower prices ... but if their products are more famous or the team buy back then there will be a possibility that the coin will experience a price increase

The buyback is a great option to resolve this problem. But The Team is don't care about the price, they are working on the platform. Every time when I ask about the price reduction they replied about updating product task. But By seeing their trading volume it is proved that People are not interested in these big hit coins.

Sissebrahima

jr. member

Activity: 140

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Prices for ICO coins fall due to the lack of demand for products of ICO projects. There is no interest from traders to buy coins because of its value. Coins just for good luck thrown on the stock exchange and the developers are just watching how the coin sinks in the center of the lake and no one can help the drowning coins.

PlusOne88

member

Activity: 420

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“Tackling Climate Change Using Blockchain”

This is what happens most of the time. It seems to be more natural with most coins. People who invested during the ICO would leave the project and sell his/her coins if he sees it not so profitable. People will only buy the coin if it would seem to be moving. Sometimes I would think this is not the reason why we should buy their coins. Their white paper suggested the main idea but people just use it to get profit by trading it. And in this situation the real purpose of the project is somewhat defeated. People are so eager to earn money as this is somehow the reason why most participated but if this is the only reason why the ICO is continuing it will certainly drop in value. Unlike when it is used for real the coins will be moving as it should be.

Dorvei

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This happened because many traders do not know how to deal with coins in a crisis time. Many sell good coins, because they have no choice, many have already suffered great losses. the market is losing investors, everything is very bad in the cryptocurrency market this year.. Embarrassed

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Because people think the hype will bring them 3x 5x just in seconds. But if it doesn't happen (like bear markets right now) they starts to sell and it is causing price to sink. The problem is overexpactations caused by the past.

akashark

member

Activity: 387

Merit: 12

Quote from: kobita333 on October 03, 2018, 02:06:43 PM

Have you ever considered what is some real usage of those coins? Most of those are nothing but some shitcoins. Also, for your info, the whole market is bearish and most of the potential crypto is losing its value. So, it's normal. Nothing to worry.

I am worried because of their trading volume. Can't you think a 117 Million Raised Coin's has less than 2 Million trading Volume? Isn't it bad? I know we are now in bad condition of the crypto market, every day I am saying it to others. But These project hasn't enough volume, people are not interested to buy these coin. HDAC, PMA, BKX was big hit ICO, but have you seen anyone to talk about these coin in this forum?

waser12

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Activity: 476

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Almost all mentioned coins have value equivalent as Ethereum. As you can see at the graph it has been dumped dramatically as whole crypto market.

happy weblancer

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Activity: 518

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Quote from: ImHash on October 03, 2018, 10:24:28 AM

One reason I could think of is that, It's a scam Cheesy

When you have a project raising millions of dollars, Pricing their coins at let's say $1 per coin when investors wanna buy them in the event of an ICO and later the price drops down, It was a scam coin, Team and project.

You all know that now the price of all coins has fallen. If you say that the listed projects are scam, then the entire first sheet of coinmarketcap is also scam? And all the other coins too?! Now such a market, such a conjuncture. It just needs to be accepted.

trofim21

sr. member

Activity: 658

Merit: 252

This is due to the fact that many companies need at least a couple of years to fully realize their product and earn the trust of many users. After that, the coins will start to grow, if, of course, the company is very promising, I found one of these companies and contributed @swachhcoin. The project will pay people for their trash. At the moment there is a 16% bonus, you can buy coins by the end of October. I advise you to see the project.

nikola22

full member

Activity: 1316

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many ICOs that raised big money don't develop their products or develop them too slowly and this is the reason why the price of their tokens is falling.

Topic: Why Big Successful ICO Coins Price are sinking? - page 16. (Read 2108 times)