I don't have this coin but they are doing pretty good on the market,I am surprise that they are pretty well even doing better than the other coins who has a lot of good features and marketing team,but I am not looking forward to invest here it could soon be a dead coin..
This is exactly what the op said what you have just rehashed.
They are only ok on the market because the dev/s own most of the coin and that way it is easier to pump up buying and selling to themselves until the fishies give them some buy support.
You made a good choice not to invest the coin is already dead.
All it has going for it is a bot if I remember rightly and not a very good one at that.
These added to the reasons why I don't bother with alts anymore.
Its all backwards.
The interesting thing here is, that Ruby somehow maintain the very market cap, despite the rumors about the pump of insiders.
So it seems to be some demand here. But I have sold mine now, it's a little bit too fishy in my view.
Well how can it dump if the devs hold 90% of the coin and supporting it. There is no demand other than noobies.