You're forgetting that this is just day 1, coin may fluctuate a bit, but it's still as good as any other. Keeping the price at 30-40 seems reasonable enough, I guess?
Btw, I have zero now, sold all at 16
Haha.
So, what are the prognoses, with weekend upcoming?
Not everyone has the time to spend looking for the next altcoin that makes it big.
Especially those people who have long work hours and many such people who have disposable income.
They check the web seriously on the weekends because they have time - and they manage the crypto then as a part time money maker.
When they see this coming weekend that moon still has room to grow by multiple fold - we are not even at 12 % of 240 satoshi yet - and that weak hands are lining up to sell their moon @ 25 as they are doing now, and that means buyers will swallow them up and rest of the sell orders in the coming 2-4 days.
Not everyone is watching the forums 24/7. Some people are just becoming aware of this trend. There are more such people than you think - early adopters who took a shot in the dark as much as people who are entering now are trying to be sore losers and keep others from making as much as they have.
Doge proved this wrong. Whatever the motivation, willingness to invest and see something get big is important and moon coin has plenty of reasons for someone to invest right now and for the next 2-4 days.
Doge wave happened within a week and a few more days. Moon coin just got back from being almost dead, with a reinvigorated dev, teams who are designing the future for this coin, and so forth. Also, it's been less than 48 hours since the increase in value begun.
We have at least 5 more days to go with this.
Enjoy the ride to the MOON
p.s: Not having 'innovation' would not be as important, as doge has proven. As ridiculous as it may seem to people, coin's ultimate value rests on the willingness of some to see it used, and as long as the technical aspects are not completely inferior (it's similar to lite coin as far as anyone can tell, and LTC is certainly no shitcoin).
Call it foolish, or stupid, but for new comers and those wanting to make money, a severely under valued coin such as moon is a very attractive thing. It is no 'inferior' to litecoin, what with expanding userbase of crypto. How many people would be happy to keep seeing decimals on their wallets instead of hundreds and millions?
What we need is an honest evaluation of what works and what doesn't, not what is 'wise' vs. 'foolish' which most often is dictated by severe personal biases.
