Next fell from $14 million, last July to $6.1 million today. It was at $73 million in May 2014. Many other altcoins have done as badly or worse. I am fairly confident that DNotes will be testing the last low of $730,000 (January 2014) and should start recovering from that point. Until the fundamental values can be substantiated by a profitable company, reliable stability is simply not achievable. I was hopeful that investors can see the value of our ecosystem. Perhaps not. But until stability can be contained, mass acceptance of any digital currency is not achievable. We strongly believe that our long term business model is correct and promoting DNotes as a medium of exchange prematurely is not a viable idea. Strategically, we are absolutely on the right track. Those who can see the value in what we are doing will hang on to their DNotes. The rest of them may not be as patience.
I think the main factor is there is lots of competition right now. Lots of other coins, some new, which have potential. Sometimes people dump one to invest in another, though that's not usually a good long term strategy. DNotes is taking the time to establish a great infrastructure, but that means in the mean time it might temporarily be shown up by other coins which are moving faster in their development. A drop in price can be discouraging but it's important to stay focused on the long term vision and keep following the plan.
Thanks Wiser, you are certainly correct. DNotes will have to survive the test of time to truly become successful in it's vision of becoming a globally accepted supplemental digital currency. There will be bumps along the way, and exciting coins will pop up along the way, but we will remain focused. Rest assured we are in this for the long haul.