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?
That is the strategy most of the whales used to buy a token. First dump the coin price and starts panic selling and then buy the dip followed by a pump. Some times the price dips because of the selling pressure from bounty participants because it is common for bounty hunters to sell their tokens when ever they get listed on any exchange. So relax, the price will pump in coming days and you will get profit, keep this in your mind that you must sell your token at the first pump.
I agree with that...even the devs of the project noticed a situation like this and advised all investors to not panic but the situation was very stressful and many investors sold at very cheap price...on of them sold at 0.014 and when the price drop to 0.005 he said that he is happy and the people who keep holding are stupid...of course now we know who is the happier one 😁