Micromoney's ICO will be amazing, but 8 millions is very undervalued now. I hope you raise more in the future.
Undervalued? Price 1$ per token it's ridiculus high for this project...He means market cap for 8 million is undervalued, well, most of ICOs raise 30M usd for ICO.
I think it should be attributed to upcoming Bitcoin Segwit2x Hard fork next month. Everything is pretty much down as well. Looks like we're in an ICO recession at least until the Hard fork is over. We should see more funds come in when the Hard fork is over.
Given the market environment, the correction should have already begun. But China is again manipulating the market. In this case, they played on the news about opening a trade in China on the new exchange. I'm not sure about the imminent correction, in any case for Micromoney it's not scary, people will still invest in good projects.
Correction can begin only in mid-November. I think that the biggest financial injections of the project will be at the end of the Ico.
