How come MTH went too low? Did some whales bough it with very low price (or for FREE)?
I think Monetha was overhyped. That's the reason for the steady downtrend of MTH tokens. The team hasn't been able to walk the talk ever since. Glad I sold my holdings when I did.
I completely agree. They did a great job as markerters by connecting with media / PR, branding, videos, advisory announcements, etc.
But those who didn't examine closely missed that they had delays in commitments around bounty information, no information on max caps or ICO details, a proof of concept (not live MVP), no technical team, etc.
Investors needed more execution / results and less marketing... ie. More action and less talk
I agree with some part of your statement. Not having a cfo did hurt them and especially when they told that they are looking for it and spent the most time in conferences. However, i just think people's were expecting for the hype to deliver too soon and that is not how software development process works. In well established dev firms it takes upto 6 to 12 months to deliver a product and with agile methodology you can somehow see the sprints in action.
When its a startup like monetha you need to change multiple things back and forth, work with , the resources you have, work on weekends and ensure no one is overburdened with the work. I believe we can start to question monetha in Q2 since that is the time they should be really coming ahead with their product and giving the investors the moon they deserve.
