Hello , i have little question which until i write this small thread, i havenot found a satisfying answer.
My question is, why every new token/coin the new listing in market exchange, the price tends to go down every day. I know not all new coins are like that, but most of the coins are mostly goes down after a few days listing on some exchangers.
I will respectfully with your answers and explain.
If I understood your question correctly, I will answer. When the coin is listed, the price is much higher than the one that was on the ICO, respectively, investors and bounty hunters sell their coins to get the maximum profit from the money invested. Who will sell first, and he will receive more profit. If the ICO team is able to attract new investors to its products, the price can rise even higher, but only in a month or two.
