NEO which is said to be the leading cryptocurrency in China and ICX for Korea hasn't really been trending recently even with development updates. I've come to realise that most altcoins see price spikes because of hype especially from influencers or upcoming news or market manipulation and not how great the project is. I've been following NEO and ICX and I'm really impressed with those projects, but their development updates doesn't affect price positively. What could be the reason behind this? I will like to hear your opinions if you still believe in those projects.
the first is that a project development does not always have a direct positive effect on the price of coins / tokens. need a lot of time, including investor support and trading volume in the market. I also follow NEO and I also invest there, every increase of +0.1 +0.2 and so on, always positive and just wait for the highest spike.