So it seems a lot of ICO's are running with $1 per coin during the ICO - but then dropping well below that price once they're listed on an exchange.
Is this a normal thing for an ICO at least initially while they're working on getting their project fully operational?
Are they setting the $1-$2 a coin so they can make sure they're fully funded to get the project started and on it's way vs trying to sell shares for pennies or dimes?
But why wouldn't the price of an ICO hold at what that price was? Just because initial founders are dumping their coins to get some cash out and forcing the hand/price to go down based on supply & demand?
This happen a lot because the ico offer bonus that lowered the token price and there are bounty hunters that get their token for free so the price doesn't matter for them. Another reason is the ico oversold and because of that it's hard to generate demand after being listed at the exchange because most people already buy from ico.