Seems like a lot of coins go to shit because of high ICO prices
IMO, anything above 1 cent is pricey as shit. I see ICO's going for like 50cents to 90cents...
Ripple ain't even worth 50 cents for 1 XRP so how the hell is an ICO going to hold that value
altcoin prices during ico is depend on the supply of the coin, it is base on the fund they plan to raise, more or less, the more higher the supply is, the higher the chance that its price is low, and if the supply is really low, its price is high.