To the market as it exists right now, Mooncoin is all but dead. But the market of the future looks much different. 98% or more of the people I know have never heard of an altcoin and know very little about Bitcoin. As the months of 2014 roll on, people will be flocking to cryptocurrency by the millions or hundreds of millions. As they're introduced to altcoins, they will be drawn to names and styles of coins that they consider solid. Some of the leading performers right now won't be as appealing to the newcomers as coins with solid themes that everyday people can identify with. Mooncoin is a perfect example of that.
Please don't give up on Mooncoin. What seems like an oversupply can be worked to its advantage. We can acquire massive quantities of it now, and use that to capture people's interest by giving it away and setting up generous faucets. We need developers and promoters to help make it useful and recognized. Because when the general population takes notice of altcoins, Mooncoin will be one of the first ones that they'll turn to instinctively (also see: Earthcoin and Goldcoin).
Thanks for reading.