It was an unfortunate event tbh, i wouldn’t be surprised if it hit 0.001 or lower in the next 24 hours, they basically told all exchanges to hold for 24 hours, kraken exchange didn’t listen, so you had a very tiny amount of coins on exchanges , causing a hugely inflated speculatory value , even more so once transaction began to come in to other exchange i.e poloniex, there is still a 24 hour hold on deposits, this is causing the market to be massively overly inflated . 100k of ethereum caused the price to drop like a stone introducing it onto the market over the space of 3 hours, now imagine the other 60 million , and its still at 15 times the ipo purchase price, so expect a lot more dumping.
maidsafe i would say came down in price shortly after the announcement of a week delay in this current sprint , most markets are heavily manipulated , and soon after the announcement you saw the price being driven down, likely on purpose to try and accumulate more at a lower price, with the knowledge that there are a few delays leading to some investors having uncertainty and possibly scaring them into selling their coins.
I am defo buying more maidsafe thou , now is definitely the time to buy .
Expect a similar price reaction as ethereum for maidsafe once the network is up and running and people are trading in their maidsafe into safecoins.
This will cause a huge lack of fluidity in the exchange, you will have most people trading in their maidsafe coins, but because of the impending release, an increased interest in buying , it will take a few days for the methods of buying safecoins on the actual network to take effect. like the decentralized exchange and such.
so what you will have is a large amount of coins being taken off of poloniex by users to convert into safecoins on the safecoin network, while the increase in interest will be likely greater than ever before, leading to a increase in value for maidsafe coins that will likely be a over inflated valued but will drop a day or 2 after the network is live .