Post
Topic
Board Speculation (Altcoins)
Re: New Coins with huge ICO price
by
Psynthax
on 25/04/2019, 23:31:06 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

You can not say if the project is real or if it is a scam, looking only at a price.
Developers tend to think that a lower price and a larger total supply is easier to sell and later, after completing the ICO, to raise the price on the market in an easier way.But the price really does not matter much and it all depends on the project itself and its developers.


Most probably you had a point price is important but we need to consedired the support of the dev and team behind for contnuing the project success. To encourage people to invest in the project.
People will not blatantly invest in the scam project and that's the fact about the crypto right now. The price can't be determined as a very strong indicator to determine if the team is legit or not.
The team is really important because the trusted team can bring FOMO.