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
Maybe the developer are being confident about their project and that is why they set a huge price but i think its hard to attract investors with that price. Its too risky to invest on ICO, this year is not the year of ICO so if youre investors try to limit your time with those ico and instead invest on the top coins.
Developer over confidence existing in every ico project. Because token price is actually depend on the supply and demand. How much your project will be effective role in the real life that's the main factor. Just unnecessarily and bullshit ico price never survive in the dip market. I have seen many project when coming in the market price was 10x because project was legit.