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?
yeah true. a lot of EIO projects really has no real value. it make dump after launched even before people sell their coins so this conditions make people who participate in the projects lose their money especially investor. based that make investor not interest to invest in EIO again because not profitable anymore