Coins that won't update pow will die and cryptonight asics will die with them, this is why they are selling them now.
Seems like people are a little nervous about the price going down even further, which it will when you can mine 20KH/s@60watts on these new ASIC miners. But why would graft die when they are ICO funded? Even if they take a little while to make changes to stop ASIC's its just cheaper graft for all
. Once the team sorts out some decent exchanges, has marketing with a working product everything will work itself out.Regarding the last BLOG announcement, Graft developers need every USD from ICO. Most of main features are in early Alpha phase. They have a lot of work to put this features in production. This last price correction from 500 to 400 satoshies, show what coin owners think about last announcement.
The trade price of coin is determined by lot of factors, and everyone can decide should it hold or sell his coins. Lot of Grafts are hold by supernode investors (mostly miners), some of them have over 500K coins. I they lost faith in this coin, and future of Graft mining (antiASIC fork), we will have masive inflation, with chain reaction.