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?
difficult to say what happened but in fact when a project is launched there is always a speculation factor to determine the fluctuations, personally I prefer to approach projects after their publication when the hype is reduced and everyone sells allowing a new accumulation and push if obviously the project deserves.
It's definitely difficult to say since the project is just started which can be depend the demand of many here in crypto currency community. What the OP's situation is likely common for all of the users here as what I experience. Basically most of us want a money after the campaign that we joined and be listed in trading site so I don't think if its a good way to hold for long term or its up to you or maybe just a have on the coins that you received should be sell and hoping to increase for the other half to gain a possible huge profit.