Yeah, the long term is what matters anyway. Grantcoin will be proof of stake by the end of this year, with very few new coins being produced from then on, so the people accumulating now are smart (if you believe this project is meaningful and has a bright future).

Grantcoin is doing well on social media, almost 3,000 followers on Twitter in 2 months, so there's plenty of people interested in this project and watching to see where it goes. Most coins can't say that they're getting much interest outside the altcoin trading community. Grantcoin is, so that bodes well for the long term potential.

As for the reward halving coming up in a few hundred blocks, with fewer GRT being created every day the selling pressure from miners who mine and sell should be reduced, which means it would take less buying each day to maintain the price. If the amount of buying demand per day stays the same as it has been, and there are half as many new coins being dumped onto the market per day, then in theory the price would rise compared to where it is now.

Of course this is assuming that a lot of miners are selling for BTC soon after they mine GRT rather than holding it for the long term. I think that's a safe assumption, since a lot of miners of altcoins convert them into BTC. There's probably also a significant percentage of our miners who are holding the GRT they mine for the long term (at least I hope so), but I would guess it's the minority, based on the selling that can be seen on the markets every day. This coin right now is in the phase where most of the buying action is just absorbing the new coins being produced from the high block reward. But that's not going to last forever.