In my opinion, Refereum has maintain a decent market cap of $9,049,617 USD in spite of the lowest decline of all altcoin marketcaps. It wouldn't be hard to regain near ATH.
$9,290,490 USD market cap as of now, ranked Rank 359 last time i checked rank was in 200, anything above 100 is shit coin category
What is that logic anything above 100 is not legit can you explain what make you think like that maybe big investors are not understanding this strategy. I will deny this it depend on demand and community which push it to more high rank.