Yeah, bought when I saw the coin first came on Bittrex not really knowing that much about it... It got pumped up to 7 cents, then MASSIVE sell orders came though and brought it back down to about 5.8 cents, bounced back to about 6, but I think people are starting to realize with the market cap is just insanely high and the coin is just massively overvalued with how many there is... Did a little research after I bought, sold it, got to keep a little coin, and still made a little profit and got out.....
Legit, wouldn't be surprised if this is down to 3-4 cents in the next 24 hours... almost 7 BILLION coins, and a top 30 Market Cap already is just ridiculous..... If you're interested, I'd wait.
What did u think when IOTA reached top 10 Market Cap?
At first I thought it would be out of top 10 shortly. It's still there after 2 weeks.
Think it came out too high, dropped, had a huge spike, dropped again, and is starting to get right around fair market value, or close too it I believe. 2.7 billion coins is a lot, but still not anywhere near 7+ billion. But think Iota has a lot more potential in the longrun than Status has as well, hence it having and keeping the top 10 market cap.