why the price went down suddenly from 50k to 30k and now <40k...
any news?
it was overpriced. apart from investments in some ICOs there was not much progress yet and just hype and word of mouth for speculation. it is still above ICO around 100% more than ICO price, so nothing much to worry. it will increase if/when Iconomi team will release positive update about project
What do you mean overpriced, the price was just 2.5X of the ICO price before the recent dump, though I agree the price need to be driven by fundamentals instead of speculation.