Have you guys not seen all the screenshots of the wallet in the thread? Sitting in IRC I've watched the dev code pretty much continuously. He's added a lot of custom content to the wallet that I've not seen done before. He's fixed bugs that took other coins weeks to months in a matter of hours. He's been online and actively talking in IRC daily. His last release launched on time down to the minute. Do not let the charts fool you.. It is only ~4am PDT, the dev still has 20 hours to deliver and I honestly seriously doubt he will take that long to release it.

This dev can legitimately code guys.. I guarantee you've traded more coins with a "lead dev" that cannot code and has to pay others to copy paste code for him with YOUR money than you realize. Many of them major "top tier" coins! It would probably make your stomach drop. You want quick customization and ingenuity? This is the coin to be in regardless of what the chart says at the current moment..

This is the definition of a sleeper coin.

I'm in at the 400 mark and laughing my ass off at these prices. I'd be buying it all if I had any more btc. I have full faith. Honestly.. I don't fuck people over I speak my honest opinions only.

If you really want to know what's going on I can explain. It's pretty simple. Prices go up leading to good news. During this time the day/swing traders help things along a little and sell off the coins as high as they can. Then immediately after they drop what support they gave, let things go silent in the books and the buzz. This lets them fill their pockets back up as it swings back down.

They now know the dev can make a working release exactly on time, and that it's safe to fill their pockets and go again on the next bit of proper news.

Well guess what, the price is fantastic and their pockets are probably mostly filled back up. (As they better be because today is their last day to fill up, tomorrow (23rd) is another release!) Not to mention the lower they let it get the more of them are filled and wanting to see it move again.

I expect the buy support to start stacking back up pretty soon imho. I think we've pretty much just bounced off the floor.

You can either risk it and swing trade, or you can hodl / buy through the waves.

Usually the case with POW/POS coins still in the POW phase. Miners putting up greedy ridiculous sell orders, or just massively overpriced orders to to keep the depth red while they accumulate.