It looks like LISK (IOU) price is gradually declining, although it could be a general thing currently in the market. It is a pity about the IOU because the IOU might just have taken the steam of the initial rise and decline usually seen with new coins. There is normally a quick rise and decline and then the price settles and then enters the development phase and is dependent on the development work. If development work is poor the price goes down further and if the development work is good then price will rise again. What is clear is that the IOU portion of the LISK money supply is insignificant to the total money supply and should not necessarily be seen as indicative of the price of the main supply of the real coin. This is because a small supply is very much sensitive to price movements especially in an environment where a lot of hype was created and people are impatient with anticipation. The real price could be much higher or much lower.
The next thing that will impact LISK is what will happen on launch day. If a significant portion of the 100m finds it way to the market without the corresponding demand the price will go down. If there is enough demand the ICO investors will exit at a profit and the new investors (and/or whales) will take over at the new floor and do their thing. Most people have a short term profit objective without necessarily worrying too much about what a coin is about as long as whatever the dev team and community does enhances the chances of their objective being met. The chances are therefore higher that a significant portion of the supply will go to market relatively quickly after launch because most holders with a short term profit objective will want to execute their strategy as quickly as possible at maximum profit. The ICO investor mix plays an important part. If the ICO mix were more big investors caring about the coin and future potential less coins will hit the market early on. If the mix were more day traders that would do anything to make a bitcoin or 2 they will exit as soon as they can make that 1 bitcoin and they will jump with joy. Chances are higher though based on statistics that the latter option is the case but not necessarily.
LISK holders must just hope that the wind was not taken out of its sails with the IOU thing and momentum negatively impacted so that that is not seen as the initial rise and decline of the coin. I hope for everyone that there will still be another one after the coin launches for real. However, imo, holding should be more long term for LISK and I hope there are many people with a long term objective in the ICO investor mix.
as i said elsewhere, wallet would better be launched as soon as ICO distribution is done. what is happening in cases like iota or lisk is: distribution ... hype gap ... ... eventually, wallet launch.
notice how the IOUs are being negotiated at iota, similarly (and, whenever I complain about it at iota's thread, my posts get deleted)
yobit's move was very smart, even though it's
not at all good from the ICO buyer's perspective.
(lisk and iota holder here) except that lisk is
-43.34 % there, right now...