Its not dead...its been out less than a month (although that is a long time for the crypto world). Although it is sad looking at price...one is foolish to think any coin is dead with a community like this and the exchanges that are willing to list it..I am neutral on this coin. I only hold 2000 SMC for fun. But seriously..those thinking that a coin is dead just because of price drops like this should just quit the crypto world.
Cant expect every coin to be the next NXT, Mastercoin, Bitcoin, (insert very successful coin here).