As I anticipated the IGNIS price drop more than 100% in just first 20 hours. I will await and hold the IGNIS until the market will grow again. All market is now at very low point in last periode.
good to hold ignis for long term may be like nxt it will hit more than 1 usd within 5 years. sorry i sound so pesimistic, but i have my own reason.
1. there are 500 million ignis which are bought at 0,05 usd price during the ico
2. free ignis from bittrex already dump ignis to 0,23 usd
3. free ignis from hitbtc have not been distibuted yet....it will drive ignis price down in the future
so based on the reason....i think ignis price will drop as same as nxt price...even it can hit 0,5 nxt price if they who bought ignis during the ico take their profit based on usd price not on btc price.....what i remember is that during ignis ico btc price only around 3500 usd.......