Post
Topic
Board Speculation (Altcoins)
Re: New Coins with huge ICO price
by
trader34
on 27/02/2019, 21:48:34 UTC
What is your take on new tokens with unnecessarily large ICO prices? Scam or Genuine?

With such prices, their ICO usually takes a lot of time and people still invest, is there a possibility of it being a good project because I just stumbled on one now with with current ICO price of $2.74 and they intend on increasing it in the future

Just looking at the price is not a good measure to understand if a project is a scam or not. However, when the price is unnecessarily high, I usually stay away, since the market is still bearish and a dump at the listing it's more likely.