Quote from: poodle63 on June 11, 2021, 05:55:43 AM

Quote from: bluebit25 on June 11, 2021, 02:34:33 AM

Quote from: Sithara007 on June 10, 2021, 04:06:39 AM

Quote from: bluebit25 on June 10, 2021, 02:39:09 AM

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

Agree. ICP had enormous potential with all the promising tech innovations it aims to promote. Sadly, Dfinity didn't know how to value its potential and real utilization.

And we really can't blame people for thinking ICP is a scam coin now when the leads and insiders from Dfinity tainted its name the same way. People hate ICP because its project leads, Dfinity, are thieves. They let greed & mismanagement take over. Its Coinbase listing was turned into a rug pull by the developers. That's why we created #ICPR to bring justice to the ICP community and #ICP itself. https://np.reddit.com/r/icpReboot/