The price is still too inflated for this coin to be taken seriously by cypto investors. There needs to be more market liquidity AND lower price, two things that are (in a lot of ways) kind of opposite of each other before new investors will bring money and interest into this coin.
Its really just gonna take time before that happens. If you want to speed it along, put your coins on the market and buy back in when we get closer to realistic valuation. Otherwise, hold on tight and wait. Either plan will work, just one might be more lucrative than the other.
What is "realistic valuation"?
The current price is completely realistic, because, well, it's real! What is more realistic than reality?
As you know, price is the result of the ratio between demand and supply.
The Marxist idea that things have "inherent value" has been discredited decades ago.
In other words, it's entirely possible the price will NEVER drop below the point it is now.
It's all about future expectations investors (myself included) have for the coin.
You've just stole my words
Of what depends the realistic valuation @spatula? I
guess only the market can influence the price... - Captain Obvious
I was referencing the price the developers originally valued their work for. Don't you think the people who developed the coin would know what their time and energy, as well as outcomes are worth?
And as for the "market" already deciding the valuation, that's ridiculous. Look what a small amount of $ would do to change the market in either direction. There is no liquidity in this market at all, so while the value of 1 coin might be currently set, a small to medium sized buy or sell is far from set by the market.
We have yet to find a price that is even somewhat sustainable for this reason, and until that happens, big money wont/can't move in.
Okay, thanks for the clarification on that.
