So what do you think, will MNE price drop after the ICO?
The price will not fall, because the coins will be burnt.
The price will fall gradually after the ico, because yes the coins will be burned, but they're already off the market because people have bought them. When they get burned, nothing will happen. But after the ico, the interest in MNE will drop, but the mining will remain the same, so the price will slowly drop back down until the devs come up with a new purpose for MNE.
Do not forget that there is a Token Creation Service:
http://tokenservice.minereum.com/ And will also be Minereum World App:
http://files.minereum.com/minereumworldapp.pdfThe token creation service costs 10MNE, and is hardly popular enough to generate a price increase. The world app doesn't exist yet, there's not even a single piece of evidence of it being real. As soon as trailers/pictures/marketing start coming for this app, sure mne will rise up again, but until then I believe it will gradually drop down from it's upcoming ATH (I believe at around 15$) to around 4 tot 5$.
See how many tokens are already created ( 304 ), and then write nonsense. Why, when some kind of coin begins to grow rapidly, there are always different dissatisfied whiners?
Funny how people who don't understand the market attribute any critique or scepticism as 'dissatisfied whining'. 304 tokens created equals 3040 MNE spent over the course of multiple months. Eventhough I believe the service is incredibly relevant and an amazing addition to the crypto market, it's simply too cheap to generate any significant rise in value. Second, I've been a supporter of MNE ever since it came out, in fact I'm a holder who bought his MNE rather than been randomly given a genesis adress. I bought because I support the vision, not because I wanted free money. Third, my entire income depends on daytrading, accumulating and investing, mostly cryptocurrency. I teach people how to quadruple their investment in half a year. That's why I tell you now, the price of MNE will not keep rising if there's no reason for it. Buy ART, sell your remaining MNE at a massive profit and buy back when prices reach a floor. If you truly believe MNE will see nothing but golden days after the ICO is finished, you don't understand why it's rising right now. The only reason it's rising is because people want to buy ART. As soon as the ICO is over, the amount of MNE-mining will be bigger than the amount of interest, causing the price to gradually drop back down. It's really one of the easiest concepts about trading there is, if the supply is bigger than the demand, the price will drop. Like I said, if the devs manage to come up with the app, great, it'll boost the price back up, but there's a large amount of genesis adresses still mining and selling MNE, and they're all gonna wanna sell 1.5MNE a day when prices reach the mid twenties, which will be a matter of weeks.