You are right regarding the general crypto market. But MobileGo did much more worse than most other cryptos over the last weeks. In my opinion, this is a result of an overpriced asset. Do not get me wrong. MobileGo is a great project with a huge potential by occupying one of the most growing markets, but more than $50 million on crowdfunding was too much for what the project currently offers. This is a healthy correction and my opinion. I will hodl and I am sure the project will have a great future.
The price has been dumped a lot recently. What just happen? The bounty is not even distributed yet. Is there any information about this crash? Or just a sign of the whales that they want to collect more cheap MGO? THis is insane lol
The market hasn't been going really well for all Cryptocurrencies, Mobilego inclusive. Even GameCredits is below Top 20 coins with a price floor under $3. I see a strong correlation between Bitcoin price growth and other Cryptos. I believe that sooner or later things will start picking up like they should. For the records, Mobilego isn't the only token that is dumping. It's best to hold now Imo.