What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?
In the era of the development of the ICO market, many investors purchased coins, but did not use them in projects. Consequently, the product itself was not used, and the price was kept only at the expense of investors. When investors started selling coins due to a falling market, prices began to fall in price actively.
You very reasonably explained the situation. It seems that today, only a few of the old projects will remain. I do not think that it is worth hoping for the active development of the old project and the increase in the price of their coins.