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 current ICO price of $2.74 and they intend on increasing it in the future
Actually price of any token during ICO is depended on the total supply of the token. Generally, I have seen from 2017 to at this moment that If any token has a total supply less than or equal as [21 000 000] price was during ico about 1 $. And for [1 000 000 000 ] token supply ICO price was about 1-4 cent. So according to my experience want to say if any coin has 2.74$ price during ICO then the token supply should be less than [21 000 000]. Thanks