I think the main problem for the price is the BTCD swapping, The structure of the ICO is unfair to ICO investors and the 1BTCD=50BTC is a free money for those people holding BTCD. This is a coin the price was no where this time last year until the price was pumped up prior to the KMD ICO just to increase it value, this is thesame tactics used by Synereo team,pumped the price to above 40ksat and sell the tokens to ICO investors at 33ksat. Now the current price is 4500sat
Most people have already swapped, and the BTCD market doesn't have that big of an effect anymore.
- BTCD volume is ~1 BTC
- 81% of the coins have been swapped (
https://www.blockexperts.com/btcd/address/RXL3YXG2ceaB6C5hfJcN4fvmLH2C34knhA)
Many of the BTCD holders invested into our technology a long time ago, and kept holding it even when SuperNET was going through some crisis and a long bear market. I would say majority of the BTCD was in strong hands, and they are not looking to sell it all as they understand our vision.
We respect our investors and thus there is a BTCD swap. BTCD had a role in our ecosystem, and now Komodo is replacing that role, thus it is fair that the BTCD investors can exchaing their coin to the new coin. We had long discussions about this and not all the BTCD investors were happy, and I'm sure now all BTC investors are happy either. There's no way to make everyone happy, but this is the best solution we came up with.