This is ridiculous, people are dumping like this is a busted coin. Insign is nice, but I'm more excited about Intelliapp.
Intelliapp let's you send money through messaging. People without crypto knowledge will be able to download and use it without needing to understand addresses and the like.
When Intelliapp is launched(within a few weeks) the price will skyrocket. I have no idea who is dumping right now. If you panic sold, you should buy back immediately. If you haven't bought yet, get some Intellicoin below IPO price!
perhaps that is the norm these days.. ICO/IPO coins are being dumped below ICO/IPO prices i.e neos, sys, clstr
People participate in the ICO's without looking at the value it promises. Clstr had a high presale price, so it was fairly obvious it will go down after launch. Sys has launch issues, which was the reason for it going down. Neos went to 1.5x the ICO price and was stable for a day and fell later.
This coin is backed by MIT students, and that is the biggest value it offers. I haven't seen significant dumping with it. Price is still at the ICO price, and was 3-5x the ICO price the past 2 days.
Once the dev releases InSign or any of the features, I am sure it will skyrocket again.