Quote from: styca on May 03, 2019, 04:53:50 PM

Quote from: ifykiki on February 27, 2019, 09:51:12 AM

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

Individual coin price is absolutely irrelevant when you can buy fractions of a coin. It only becomes relevant when considered alongside the number of coins available, i.e. market cap.
If a coin sells for $100 and another coin sells for $1, but both have a market cap of $100 million, then it doesn't matter if you spend $100 on 1 of coin A or 100 of coin B, it's effectively the same thing, even though you end up with more coins by buying the $1 one... either way you still have $100 worth of coins, and a millionth of the total supply.

You are absolutely right, however, human psychology is an important factor, especially when lots of unexperienced people enter the market in a bull run. Lower prices can attract more investors because of that reason exactly.