Topic: Why Big Successful ICO Coins Price are sinking? - page 7. (Read 2137 times)
The success of the ICO project we saw was just that its token was able to enter the exchange, rather than its tokens providing us with real value! So the price of these tokens still depends on purchasing power!
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?
In the era of ICO many people buy tokens to not use them, and not to use in projects, which appear after the ICO. Now, when the price falls, they usually sell their tokens. It's very simple.
In my opinion, the ICO project that managed to raise a lot of funds from investors for now is difficult to see prices approaching ICO prices, I once asked the ICO project CEO who got large funds from ICO, he said that they were following the current poor market capacity, so Their project prices fall and are very cheap when in the exchange market. That is because the price of Bitcoin and Ethereum has decreased in price, and it has an impact on the ICO project.
Exactly, because it could also go vise versa, just like the bull run that happened last year.We cannot deny the fact that bitcoin is the most dominant cryptocurrency now as it has a huge dominance rate compared to all altcoins.
Even though the market is not good, some projects are still running their ICO and they understand that they might not raise a good amount of money but as long as they raise the soft cap, they will still pursue to continue in developing the project because this market is bound to recover.
Suppose this is the effect of bearish market condition for many months now. The domino effect starting from bitcoin to ethereum and to the rest of altcoins. The situation now is really embarrassing that sometimes regrets cannot be stop due to huge money investment in particular coin. After all of this bear market, the game is not yet game over. Bull run will be shown in the right time. Then what we should do to experience bull run? Hold your potential coins no matter what if you don't like to sell them. Wait for the right time of bull.
In my opinion, the ICO project that managed to raise a lot of funds from investors for now is difficult to see prices approaching ICO prices, I once asked the ICO project CEO who got large funds from ICO, he said that they were following the current poor market capacity, so Their project prices fall and are very cheap when in the exchange market. That is because the price of Bitcoin and Ethereum has decreased in price, and it has an impact on the ICO project.
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?
Because the market is falling. In addition, most of these projects depended on the ETH or The BTC, and now that they do not collide with the best time, the need for these projects is also reduced.
Personally, I think the crypt falls down and everything for all other coins also falls in price. It all depends on the king of krptovalyuty (Bitcoin) The market is not stable investors no longer want to invest their money in certain projects as there is a high probability of losing all their money. Now there is a lot of talk about why the rate of cryptocurrency is falling, some say the prohibition of advertising cryptocurrency at Google has collapsed the course of Bitcoin. Others say you need to clean the market. So it will wait and believe in a good forecast.
Maybe because those people who invested in ICO and once they lsited they sell their coins already and ofcoarse bounty hunters who are really sell tehir coins fastly once ththey listed to the market so that the token or coins decrease the valuvalue lower the ICO price per token. If the ICO successful they will earn more money
The situation with the projects about which the author of the topic speaks once again gives us reason to think that investing in large projects is not always a good idea, because the larger the capitalization of the project, the harder to manage his price, and the price of such tokens will grow very slowly.
because the whole market is now experiencing a fall and because of this, all prices are falling
The fall in the price of Bitcoin is one of the problems so that the impact on all Altcoins has also decreased in price. So that ICO tokens also declined, even large projects also experienced the impact of the decline in Bitcoin. Bitcoin is the main coin and all Altcoin are like being connected with Bitcoin.
I think it's happening for only market conditions. The market is down trending everything comes to market this time it will go down. Some of them working good like holochqin or quarckcain cause they launched their coin in big exchanges first. Those who don't want to go for a big exchanges keep dropping from first trade. Market conditions change day by day. When pupapay or cryptolartech ICO ran the eth pegged at 600-700 maybe more I don't know. Now see the price of eth itself. I think it's fine and those project are not that much good in my opinion. There are lots of project maybe 10m-20m but better than this 100 mln club.
Market acceptance cannot be controlled, demand and supply cannot be fully controlled. I think investing in coins or Ico tokens is a long-term investment, takes a long time interval and various strategies so that prices can reach the target. There are those that take up to 1 year or more, some also only require a few months. It depends on market conditions, in 2017 many have reached the highest target after several months of listing, the opposite occurred in 2018.
I see that the main reason is the difficult market situation
Lack of volume and BTC Dominance
Makes the prices of the rest of the currencies fall
What do you think about emerging projects ?
Even if they are strong.
Lack of volume and BTC Dominance
Makes the prices of the rest of the currencies fall
What do you think about emerging projects ?
Even if they are strong.
I think there are several reasons
1) the Team does not work on the product and does not release any updates
2) the Product is not in demand
3) the bad state of the cryptocurrency market
1) the Team does not work on the product and does not release any updates
2) the Product is not in demand
3) the bad state of the cryptocurrency market
Their is a massive sell off of cryptocurrency in the market and we know that the price based on supply and demand.
Well there is nothing that can be done right now. And its not the big ICOs or small ICOs, actually its the Bitcoin that is nosediving and that is what has caused the rest of the coins and tokens to follow the trend.
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?
Everything is sinking at the moment. Even the biggest coins these days are in deep dip and we can't do anything about it. The value of bitcoin has a big impact in every coins prices. I guess things will still go back to normal soon. Every investors are holding right now.
Because Bitcoin still continues to exercise price dominance over other types of cryptocurrency. Therefore, while it falls in price, altcoins will also fall in price. And, it seems, the real fall in the price of cryptocurrency in us is still ahead. Predict that Bitcoin by February could fall to $ 2,000. Then the Altcoins will drop in price by another half from the current low prices. It will be very fun.
Even if Bitcoin fell so low what can we say about the fall of other coins. It is necessary to wait when the market goes up and then look at the prices.
Why the prices on the successful ICO coins are falling. The answer is obvious. All holders sell their tokens and it may be every person - investors, team member, or even the exchange.
Jump to: