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
Why would price matter, only market cap does? What if they only produced only 3 tokens, $2.74 would be pretty cheap, don't you think?
Have some sense, is there any project till date that have produced only three tokens. It isn't the market cap, initially the price matters big. Upon the value of the token there will be changes in the marketcap growth. Nowhere the marketcap grows all of the sudden.
I don't think that's the right term there, maybe low volume coins can be done or introduce like that, with an amazing concept that will bring something huge after the ico success, but in the other side it's also risky as the market can be manipulated due to this volume issue, whales can easily dictates the momentum and the directions of such project.
Be very careful placing your investment, if you have doubts better to research more before taking your entry.