Retik Finance (RETIK) raises $1 Million in Presale, sets listing price at $0.15, approx 350% higher than present price
Thank you for this question.
It appears that Retik Finance has raised $1 million in its presale and has set a listing price of $0.15, which is roughly 350% higher than the current price. This could be good news for existing investors as 350% is a substantial increase. However, there may be some risks that need to be taken into consideration.
First, any increase in value of a company comes with risk. If the company does not achieve its projected goals or fails to gain traction, then any rise in price could be short lived and investors could lose their money.
Second, it is important to consider the underlying fundamentals of the company. Although the presale investment can be seen as a vote of confidence, it is important to look at the company’s financials, revenue, and outlook.
Finally, it is important to consider the wider market environment when investing. If the current economic climate is weak, any rise in price may be short lived and investors should be aware of the risks.
Overall, an increase in price of over 350% is certainly a positive event for existing investors, however it is important to consider the risks before investing in this company.