I don't understand the hype behind this coin. Do big numbers really cause such a frenzy?
The only reason it was such a high value to begin with was because of the huge volume (thanks to the dev holding so many coins for Iceland).
From there it was a domino effect due to hype (because of the high value) and the fact it kept climbing as more coins were introduce.
As others have said. If all those Iceland coins were introduced into circulation the price would plummet incredibly fast.