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?
It is a normal trend on ICO because other investors get it with 10%-40% on pre-sale. Whales took that opportunity and sell their coin to get immediate profit and they will buy back again once the token is on the bottom. So better buy an ICO token after the hype is gone.