Friends i want to ask about a think that i realy cant explain...there is a token called AME that had an ieo price of 0.02...the token get listed on bithumb globale and the price down to 0.006 (bounty hunters and airdrops)...after the sell off end the price go up and stay a long time between 0.01 and 0.013...the team annaunced a new listing at mxc exchange and everyone expect a big incrass(the token had just 2.5 mln$ marketcap at 0.01) but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent
Who have an idea about the situation?
There is nothing suspicous whenever such coins lists on big exchanges the big private or presale investor sees an opportunity to sell and take profit because they have bought very cheap so it is still big profit for them. At the moment if you are holding this low cap gem i suggest to keep holding in few months it has potential to moon big time.