it's a great opportunity for everybody. We can buy more MNE for ART. thanks for the red tide. Great timing for ARTEMINE.
But reckon that by midnight maybe 25% of the supply is already exchanged for ART so the supply available on the market is much lower hence the price will fly
Why would people buy Minereum right now, other than to invest in Arte? As soon as the mne devs advertise a more concrete roadmap for minereum, the price will go back up. The supply drop doesn't raise prices if the demand drops as well
Why would people buy into an ICO anyway is what you are asking. People buy into ICO's as they expect a cheap entry and a solid ROI when the program goes live. ART is quite unique since MNE already proofed the concept so ART will continue on this path. MNE is needed to buy into this so that why people will buy MNE
Supply drop means those coins are not on any exchange so not offered for sale. The next 24h and after people will learn about the ICO and demand increase where supply decreases so theoratical the price goes up.
I agree that in an isolated environment it should work like this but with BTC heavily under pressure peoples focus are elsewhere at the moment but in crypto things can change rapidly