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?
It's not only Amepay token that has this experience, you see tokens have various holders and they have a motive of their own when selling and dumping, a token/coin find new investors and there are holders who already made profit and wants to sell, this is the reason why it's very important to see what the project's contribution to the community, and what they can bring to the community and holders, everything lies on what they can contribute.