Recently we had many ICOs getting in with best projects getting listed on exchanges successfully but their value did not even cross the ICO price. I predict that this trend stopped new ICOs getting in with their innovative projects assuming they might loose their values if they pitch in during this crisis moment. What do you think?
It is very obvious that the current state of the market is making the developers very doubtful about releasing their coin right now because they do not think that they are going to get enough funding to create their project, I know that no one likes this, but it is understandable that the developers do this because they want to make their project a success and that is very difficult to do right now.
Well, what else would you have expected from most of the developers considering the fact that once released on an exchange with the way the market has been, the chances of seeing the price go below ICO price is there.
It is never a problem for me anyway, and I always look out for market with potentials at times like this, as long as there is future for a market, the chances of seeing it grow eventually will always be there and it would only take a smart individual to know that a market that has gone so low when compared to the ICO price will have a chance to making a quick run towards that price and far beyond eventually, while some people will instead be joining FOMO over again after selling the bottom.
Situation would really be always like this and these are the things we do see until now which this kind of cycle mostly on newbie investors or even the typical ones do have that kind of behavior on where
they don't really think up carefully on choosing a good one but rather loves to join when theres hype and go with the flow and FOMO. Even myself as a developer I would really hesitate on making such crowdfund when I do see the market is very bearish but if you are really serious in spite of the current market condition then potential of your project would lead into a possible success when the market starts to recover.