The market price determining the token value is an interesting one. But I think, market price is determined in $ for PL.
Right now, with cryptos taking another / continuing dive, they are not that great to invest, because once converted into $, your week-bonus is actually compensating low price index.
Is the crypto market currently working against the concept of market price determination? Would high price of cryptos vs fiat have generated more funding for PL? Any thoughts?
As others have pointed out, not having a hard cap was a very bad idea. You only have to look at the results, the evidence, of what has happened with coins with no hard cap. It is very clear why investors now want to avoid them. Add to this that investors hate uncertainty and you can see what happened.
Power ledger is a good idea with a lot going for it, but it looks like they shot themselves in the foot