We always see the price rise for a short period after the listing in the exchanges or after IEO, but soon price be come down,
this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
The market conditions are generally poor and cryptocurrency traders are not happy buying at the moment. So this causes a general poor volume flowing towards newly listed altcoins also, the high bonuses given to investors makes them dump easily at exchange listing. To add salt to the injury would be if the developers distribute airdrop or bounty rewards too at listing
It`s like that when we have so many new projects around, and to many traders. Where are the people who invest
and hold?
New projects can do much in short period of time, how to develop so fast? Early investors, bounty hunters, and all
others who have coins create a massive dump, supply goes to sky and without demand price must go down.
I have many coins/tokens that worth less then before, but I have faith in those projects in long-term, they will recover
their prices and rise more, when they become fully developed.