What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?
This past year has been bad for ICO's since the value of coins in general have been falling since Jan of 2018 and continued to decline until the end of the year. So after an ICO, the value of coin, would likewise go down with the bear market. To make things a bit safer:
1) Go with a coin or token, that requires people to accumulate. For example a dividend token, this way people will be less likely to dump after the ICO.
2) Token burn. If unsold tokens are burned after the ICO, this will decrease the supply, and will in turn help to stabilize and / or raise the coin's value.
This is one reason why I invested in EVOAI's ICO, since it meets both criteria.