The problem isn't that there is anything wrong with this coin or it's dev so far, it's that there was no *real* volume outside of the pump groups and there was no *real* support at post pump prices to hold it up there. It wasn't possible to just take some profits or leave the position without causing huge price swings because of the low volume.
That's what happened this weekend. People see the price is way too high with very little volume or new news to justify the huge price jumps, so they start taking their profits if they were in before the pump, or start mitigating losses if they bought in at the top. And with such low volume on the buy side, the market can't absorb it. The trend is constantly down and that reinforces itself.
Meanwhile obnoxious shitcoins like EthanCoin and CoCoCoin have a combined 250BTC volume today. That's the true crypto community of today, how they love their pump and dumps. Reminds me of Judgecoin. Honest dev, did PoD before there was a PoD, had a solid coin albeit not so feature rich. Had a great community but it languished, got pumped once, sidestepped for a while and died. It likely will be de-listed soon and the dev is already gone. There was no scam there, just no interest.
Even having a really good product with a great dev like NEOS is by no means going to mean a win. It might be an intellectual challenge for syntaks and yak and they will do great things, but you can't trade it well in this environment because of all this BS.
Just two sats worth.
The whole altcoin market volume is very low at the moment and there is a lack of interest in trading alts generally. I guess the volume on coins like Coco are faked. Other coins with unique features like Storjcoin X, XC, VIA, RZR, VRC have low volume too.
2 Month ago the top traded coins had more than 5000BTC volume/day. Now people are thinking 300BTC is the top of the hype.
I believe in syntaks and his team and as soon the next btc bullrun is starting, a lot of alts and Neos will benefit from this.
ill keep accumulating till that day comes