Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??
Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.
Some projects have a buy back program, but some projects don't have the budget to buy there own tokens. Because the projects that actually buy back their tokens are the one with successful ICO's and reached their hard cap. But even if they buy back their tokens doesn't mean the price will go up. They have to burn the tokens that they buy to surely have a long-term effect on the price.