The problem is the project was dependent on popularity and usage via fair distribution, which didn't really do anything but create a bunch of sellers who were happy to sell their free stake for anything. You have anonymous developers who can't market their product because they are anonymous. NEM offers new development and POI, but no one really seems to care. It's a bummer cause I like the project, but right now I see BTC, ETH, and maybe a few others will survive the Alt coin bubble. I have a lot of NEM, but I'm not sure I can even sell it at this point.
Those that warned everyone was called a troll and/or a whale. The developers killed this coin by refusing to market it and making up fake projects and delayed delay delay and hope for a bubble so they could cash out. Well that bubble/pump never came lol.