What is happening?

[Anonylz]

There is nothing to be surprise about, lots of project are experiencing same, and don't forget most new listed coin also experience dump before they start rising, the project is new, the current market condition is not helping, this factors can affect the price movement of the token, price will recover in due time.

[awakpane]

In my opinion, the ups and downs of prices are common. related to the SPYCE project the price dropped after IEO ended, we can't panic. because I'm sure if the SPYCE team has other calculations later, and it could be that the exchange is not just on probit, maybe they will also register on another exchange. stay positive about it.

[Hellkas]

Nowadays most projects and bounty campaigns go such way. There is lack of interested customers on market and there are a lot of new projects, so people just can`t buy every token on every exchange, so price is going down. Hope that in future cryptocommunity will be stronger so it will help to avoid cases like this. According Spyce I hear about this project first time, maybe they have some amazing news to make price go up.

[SarangWallet]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

Fluctuations in the price of coins or tokens on exchanges are common. Every rising price will definitely go down, and every time the going down price will come time to increase. At least after you have the token, you can trade with the token that you have.

[Jannyh]

Well, nothing is really happening, it's only normal for there to be this type of drop especially when there is panic everywhere, it's affecting all coin not just one,even bitcoin dropped ,the market doesn't even know the direction it's headed for presently. After now there will be an upward trend

[Moeda]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

If tokens are already in exchange, I think price fluctuations have become commonplace. SPYCE is just a new token, Bitcoin just dropped a very drastic price, and look at the current price of Bitcoin. It's back to the moon. If a project really runs its business well, then there will be a time of increasing prices.

[Utoy101]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

With the current maket condition, i think the project is quite a good one if not the price would have dipped more than this. Undeniably,this isn't the best time for any project to conduct a tokensale or list on trading exchange as market is declining. Every cryptocurrency out there is having a fair share of the crypo price downtrend and it's not just only the cryptocurrency market but every investment option of the world due to the pandemic coronavirus

[flagpara]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

Very good example like most of the time which projects think that only bounty hunters dump the whole market. Two ways price could get either by team or investor fear to lose investment, both could be possible. Probit isn't good exchange to get list spyce project.

[lue wang]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count.

When this project arrived and opened bounty, I joined in signature because project is good then I saw probit exchange for IEO then I lost my interest.  Only bounty hunters isn't involved to price dump, we're all involved. Situation could change if any good exchange listed.

[Smitty Werben Man Jensen]

This kind of thing is familiar to my friend, many IEO or ICO projects that after being listed on the market always experience a high drop, and that is something I usually see, yes 70% of all IEOs are currently like that, but if you join IEO from Binance, Okex or Bittrex will be a different story

[pikkie]

This kind of thing is familiar to my friend, many IEO or ICO projects that after being listed on the market always experience a high drop, and that is something I usually see, yes 70% of all IEOs are currently like that, but if you join IEO from Binance, Okex or Bittrex will be a different story

I think that caused it all because of lack of support from the developer so that many projects whose prices collapsed, a project should be able to get support from the developer so that it will trigger investors and traders to invest and enter more so that surely the price will be stable or can go up .

[Synaesthesia]

This kind of thing is familiar to my friend, many IEO or ICO projects that after being listed on the market always experience a high drop, and that is something I usually see, yes 70% of all IEOs are currently like that, but if you join IEO from Binance, Okex or Bittrex will be a different story

Only IEO at Binance and Okex is profitable for investors and certainly Bittrex will not be able to help you much because IEO here is very risky and does not have any successful projects here. I have participated in many IEO projects in this market and I am very fortunate to have made a profit from these large projects. Apart from these exchanges, MXC, Huobi, Bitmax are also the 3 exchanges with the most successful IEO rate in this market.

[Python Master]

It's simple and easy to understand. All tokens will drop after listing on exchange because investor sell token to get back their money. And in this time plus with the bad situation of market, it may drop much. a Drop after listing is not what we use to evaluate a project. We must see what they will do and bring us their good production which they promised. A project which walks the talk will make their token price increase after time.

[shoreno]

the campaign isnt paid weekly ? if it is then hunters might be selling after recieving thier coins but i assume it isnt because you said bounty is still ongoing and its rare to see bounties that will pay weekly but most bounties only pays after the end of thier campaign .

 that is only an evidence that bounty hunter isnt the one to blame when coins are dumping but it might be investors fault that they sell thier coin  . covid issue might also be the added reason on why those investor sells early

[metenjean]

I think is usually happen with many bounties campaign project but we never worried when IEO price going down, just hope bounty campaign manager give distribution reward depend with how much allocation before and never delay for distributing.

[Lagduf]

I think is usually happen with many bounties campaign project but we never worried when IEO price going down, just hope bounty campaign manager give distribution reward depend with how much allocation before and never delay for distributing.

The price is much stronger in this position consider there was a lot of the buy orders in the market. Spyce looks to get more demand from the market even when the trade on probit is being halted right now.
Spyce is implementing a fixed payment rate that will not hurt the price.

[BitTraderCute]

I think is usually happen with many bounties campaign project but we never worried when IEO price going down, just hope bounty campaign manager give distribution reward depend with how much allocation before and never delay for distributing.

reward distribution depend on developer team , except they use escrow for distribution. if market or IEO price going down, some team prefer to postponed distribution except they dont care to investors. but this way sometime could not accepted by bounty hunter. they shouting to the team to do immediately.

[Iyanu14]

I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count

There are some reasons that could be responsible for this:
1.  If the token or coin has been given to the early investors, definitely when those discover that the project is not really worth it again, they will just dump it on the exchange, now imagine investors having a large amount of such coins.  At times, it could even be some months after listing before hunters could be rewarded, investors would have dumped a lot on the exchange.

2.  Another reason is the current state of the market.  There are lots of panic now, people want to sell than investing.  The situation is even affecting the existing projects let alone the new ones.

If it is a good project, definitely the price is going to bounce back.

[kaneki007]

This often happens, friends, where new coins/tokens when listed on the exchange after IEO often dump, maybe because investors want to take profits quickly. Even so if the project is good maybe one day the price will exceed IEO and also now almost all cryptos have decreased last week.

[LogitechMouse]

Do not panic it will recover, all altcoins are in red, the token might even go down because Bitcoin just get rejected from 5000$ support , this will be a big bear market, i expect people to be strong from now on,the least we need right now is getting panic, it won't help

With what is happening in the market right now, recovering isn't part of them.

See other altcoins out there and tell me who did recovered already? Probably some of the coins on top like ChainLink but most if not all of them declined when the price of Bitcoin goes down so hard. No bear market here though lols. Its just the sentiment of the investors changed because of the mass panic created by the virus and that's it.

I'm not saying that it will not recover it though but it will take many years for it to happen or if Bitcoin will reach its past ATH which is almost $20,000.