Do not buy into projects where private groups get in early and pump up coins using a small supply. There is no need to pay so much for this idea.
At launch people payed a valuation of 72 million. Now wonder everyone except the initial private investors made money on this. Now the valuation is still a ridiculous 13 million.
Reply here for more info:
https://twitter.com/jessecouch/status/700411947884236800The marketcap is at $ 648,214:
http://coinmarketcap.com/currencies/neucoin/(those coins that are really on the market)
And the real marketcap is the buyside at Bittrex: 4 BTC. ;-)
I've noticed many coins trying to do this move. 95%+ of coins "aren't on the market". At some point these coins will come on the market. This means that the coins you buy today will be diluted by 2000% at some point in the future.
You can think of this two ways:
Marketcap = $ 648,214 but
you're coins will be diluted 2000% or Marketcap = 13 million and you're coins won't be diluted.
Haha 4 BTC marketcap is pretty funny. ;-) It's true. You can't even sell your coins if there was an emergency.