Hey @DaisyD, I have been watching altcoins since the very beginning. And in my opinion the market cap cannot get any lower than 15 million. Many of these worthless old coins that have never had any real use value like Stellar are around 15 million still. But with Steemit Inc constantly dumping their hoard of coins onto the market the value will not rapidly increase. It really all depends on Ned and Dan now. I knew that the end of the 13 week powerdown would be the low price point. It may last for a month or so or we may start to increase value after the hardfork if people really like it. But Ned and Dan are the ones who began the dumping at 165,000 satoshis, dumping 50,000 dollars of Steem in a single day right onto the market. Even though they promised "not to sell during the powerdown." I guess they only meant their personal accounts and not the ultra-large Steemit Inc. accounts.
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Hey @noganoo sorry for the delayed response, been a hectic couple of days. I must admit some of your reply went over my head, I'm still very much learning the technical aspects of the crypto world. See Dan resigned today but is powering down over two years to honour Ned's promise?