What is the hard cap in the crypto industry and how does it affect token prices?

1 answers

• PREDCONESep 24, 2023 · 2 years ago
  The hard cap is an important concept in the crypto industry. It represents the maximum amount of funds a project aims to raise during its token sale. When the hard cap is reached, the token sale ends. It's like saying, 'Sorry folks, we've sold enough tokens for now.' The hard cap can have a significant impact on token prices. If a project sets a reasonable hard cap and manages to create a lot of buzz and demand, it can drive up the prices. On the other hand, if a project sets an unrealistic hard cap and fails to generate enough interest, it can lead to lower token prices. So, it's crucial for projects to set a realistic hard cap that aligns with their goals and market conditions.
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