The price and market cap suggests otherwise... I think we're officially in a free fall. No telling where the bottom is.
Now the million dollar question is, how many coins have seen a resurgent bounce after a tech announcement after the original sky high jump?
I can't think of any, bitcoin, litecoin, etc. they've all stayed the same.
My fear is that people won't care about new features, as they're on to other coins and have forgotten all about this one.. seen it happen many times.
I'm hoping it doesn't happen to us, but the history of other coins suggests that it is very likely that it will.
Anyone who didn't think this was a totally artificial pump needs pushing into a river, but one of NEM's most interesting aspects is its separateness from the rest of the crypto market. It's quite possible and likely that adoption will come from some very unfamiliar angles.
obviously it was artificial. Most pumps are. My point was that as a spectator I've seen tons of coins in the last 3 years have meteoric rises, then fall back down to obscurity, never to rise again.
The prevailing thought in this thread is that people will love NEM's tech and flock to it, but tech doesn't seem to be as much as a driving force as it should be in the crypto world.
Doge was sky high at one point with a huge market cap.. now look at it. It was a joke coin but it took off and was very popular for a long time..
And that stupid coin had a giant marketcap and tons of daily volume, bigger than most of the "superior tech" coins that fell below it in it's heyday, never to return...
It's a legitimate concern for those of us who want this coin to do good, but it's stupid to overlook crypto history because of blind faith, all while ridiculing those who are concerned..
Main reason i did not dump at peak is because ive been burned in the past with different coins when dumping and then find they still skyrocketed. That and the risk of dumping with a potential news update could have made a big loss for me.
We were still seriously undervalued at the peak of the pump, and high gains are unavoidable with any crypto, and the upside with the pump is that its high exposure will gain more potentially buyers who dont like buying on a pump and wait for price to settle before investing.
Lots of people still dont know about XEM, so this did gain alot of attention, many have asked me about NEM and ive provided them with information.
I dont like panic buying on a pump, so a lower price is attractive to investors.
From memory, NXT hit $100M marketcap shortly after launch, then dropped down to around $30M and then went back to $100M some months later.
What makes this stand out over other projects is that we have solid devs with a good road map and a very secure blockchain.
ETH/ETC is not out of the woods yet, and until they make it more secure, its unclear how the flaws in smart contracts will pan out.
Remember that we have achieved more than many other projects out there and the work will pay off very soon. So dont compare this to any other pump and dumps.
NEM can achieve the same result of smart contracts without the inherent security flaws of adding smart contracts to a blockchain.
NEM to the moon, (rome was not built in a day) we will get there, just give it time
