How come the ICO price has went down from 0.14 CHF in March to 0.05 CHF now?
Imagine a scenario on an exchange:
Without doubt Lykke shows a lot of progress. I mean, this is not just the usual "promise-ICO". Their market is already working and they have App's in line that show high quality.
And if LKK would have been on Polo since march I'm sure that the price would have been exploded at one point (or maybe it would have been a more steady rise) - at least after releasing their IOS and Android-App or with some other news or even just hints.
It's not unusual for good projects (sometimes even bad but hyped up projects) to rise 4 times over a couple of months. A lot of projects did. Take a look at XMR for example or Factom (which was pushed down hard today but is about 3 times up since June) and a lot of others as well.
I also was concerned about the price, but more because the market after the ICO won't be like we know it. Lykke will be the market and that may involve some risks but also great chances, because increasing number of users, increasing volume and good news can be expected. And what I already know: They are fast.
Just for example: On September 28 they said that they would push out some updates (regarding backup) for the APP's "during the week". One day later:
Update from Lykke-Developer about the App's:
"The new LykkeWallet app version is now available in AppStore with backup function on the settings page. Password recovery with 12-words seed is also functioning.
Android version with backup function is available in GooglePlay. Recovery function for Android is coming soon."
