Do you know why the price goes down? It was 400 satoshi now is 100-120.
Apparently someone sold a million coins when it was at its peak BUT the price does seem to be directly mimicking bitcoin rises and drops for some reason.
I wouldn't say it's mimicking Bitcoin. Looks like someone pumped the price up and has now dumped it. It's happened to a few coins that looked dead. Shame for anyone that bought at a high price but it's hard to think of a reason to buy some of these coins when the price is high. I can understand buying at sub 5 sats for a gamble but anything much above that looks too risky for me.
I don't think so.