An ICO and much investment into an ICO from a particular crypto currency does not necessarily mean that the price rises. I have observed several such constellations and almost every time the price of the currency decreased. I think it is because new investors do not invest with the particular currency but rather using others they already own. And some of the currencies invested are immediately exchanged to Bitcoin or Ethereum so the price is slightly dumping so or so.
Strange. $14 million worth of XEM. I taught we would get a bounce in the price of NEM when this sale started but obviously the buyers are not getting their Nem on the exchanges. The worry now is, are COMSA going to dump their new found wealth on the exchanges. Polo at least cant take any kind of sell pressure before a collapse of the price. Theres only 150btc stopping a crash to 600 sats. I haven't checked the orderbook of the other exchanges.
btw this problem will repeat on every new ICO that Comsa runs.
Each company wants $$$$ to get going and the only way to get it is sell the NEM you raise