Yes, $5 is really low price now. But just to know he can be a lower price. First day when Minex going to market the price was $1. Seems we are going to this moment again.
I hope listing on Hitbtc can help and make more decentralized mnx market. I think I read somewhere that trading bot on Livecoin ruin the price.
It is clearly seen at CMC that only 4 coins out of top-100 are in green, so this is a current trend actually. In the morning MNX was also green, someone even was surprised.
But you can't deny that whatever the overall trend is, MNX went from the position 90 something to 295 right now in a month and a half.
Whatever the work done on the project (which I'm not judging), there clearly is a lack of skills when it comes to communication.
Everybody have been taken by surprise by the sudden drop of parking rates. Even if this was clear for the team that it could happen, nobody understood that it could be manually changed by the team at any time.
Next, we've been surprised that these same rates can't be raised anymore for the moment, which goes against the basic mechanism of rate adjustments explained in the WP. Again, if this was clear for the team, it was definitely not for us.
Don't be surprised that many people sold their MNX positions as we clearly feel that we are falling from the frying pan into the fire.
We just wonder what will be the next bad surprise hence any possible nice announcement.