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.
Let's see what Status can do with $ 100 mil. worth of investment from crowdfunding.
One of the goals is becoming "Wechat" of the west. If this vision became reality, it would be somewhere top of market cap, not just in top 10.
Don't forget that 29% of total supply is for future, in case they want more fund for new product, etc. They will not go to market in near future.