I personally won't be buying it, or any other altcoins made by big corporations. At least it's a bit of promotion for crypto currencies in general, though.
Don't be very optimistic about this coin. It can do more harm to the crypto market than good. A large chunk of the current crypto market can shift to this coin, given the huge user-base that Facebook is having currently. On top of that, Facebook may try to monopolize the crypto-market, by destroying the other cryptocurrencies such as Bitcoin and Ether.
We cant still conclude yet but this is possible but i dont see that it would happen on higher chances.We might see some big shifts but those are just good
shorting or simply people mostly on crypto will just jump in for the sake of profits.Ripping off money for those newbie investors of this coin who do just been
dragged out on the hype but for those people who are aware on potential will always come back to btc.