I invested and joined as bounty hunter in many ICO which has good concept, experienced team members and also good hype but after listing price drops very much. Some of project also not recovering since long time. Any comment.
I think this is very common at ICO. I saw a lot of ICO project make a lot of strategies to maintain their token/coin value.
Such as they will distribute the tokens/Coin gradually. That will avoid the price drop in the very beginning.
Believe it or not that kind of strategy is kinda ineffective, there's so many ICO has tried that method to distribute gradually however if the investor sees the coin as not promising anymore then they will simply abandon it, the gradual distribution if still being dumped at the same time will definitely cause major impact. It's at the end of the day only matters about how good the project is.