We always see the price rise for a short period after the listing in the exchanges or after IEO, but soon price be come down,
this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
Right.
When any user get free token or coin from airdrop
They just want to swap to any currencies
It must be This reason ...
But Legit price of every coins won't down ..it like CCA project and Vite Project..