Post
Topic
Board Altcoin Discussion
Re: A question on value
by
FanEagle
on 08/05/2021, 11:44:48 UTC
I’m new to this so might be a silly question but why are some coins expensive from launch? Like from $1 an counting where as others launch at 0.000+. And some coins backed by so called “low rent rip off” companies (pancakeswap) have currencies that reflect  the former coin and “respectable” companies (Cripto.com) have coins that reflect the latter.
Launching price is something you may start at anywhere but it will be pumped or dumped according to the demand and supply. I have seen many coins that have been started with below one cent price levels and over the time due to showing progressive developments slowly attaining more than $10 value but at the same time coins which have started for more than 1 BTC value, slowly got dumped and then got delisted from exchanges as well.