Hi guys,
I'd like to know your views on how to determine whether a specific crypto currency has a fair price, or overpriced or undervalued. For example, what exactly do you look at when you value a coin/token like NEO or Stellar or ETH or Monero, or XRP or TRON and the list goes on..I read in some articles, certain coins/tokens are undervalued but i've not seen somewhere detailed explanation to back up such concern.
Also, for new ICOs, how can you tell if the price proposed is fair according to the market as I've seen some ICO sell their token for 1 dollar and even 2 dollar. Also another concern, on what basis ICO set the price during ICO and who set the price when it hits the exchange sites? - How can I say, yea I can make profit from this ICO once it hits the exchange?
Another thing, all ICO sell their tokens based on ETH or BTC not based on USD - but at the same time, they say our token is equal to xx USD - and as you know the BTC and ETH value changes every minute. This means by the time you purchase ETH using USD and trade it with the ICO, you may get less amount of token - Do you consider this factor as well?
Thanks Guys
I strongly believe that ETH is undervalued at the moment as the market took a serious dump. Looking when it was at it when ETH was at its high months before, there was no reservation in anyone setting high GWEI to pay for transactions to get mined, this to me signals that many are very willing to pay ridiculously high transcation fees to get their trades through/get into ICO's. The resulting effect caused greater which is a whole other story.
