Would you buy a coin where the developers have given up on their project? What about if they literally died? We'd assume in this case, the coin would die... but not in the crazy world of crypto. Check this out: Nautilus coin, aka NAUT, posted this unfortunate twitter update on May 11th:
We all know that the crypto markets are highly speculative, and much of the trading that goes on isn't linked to any perceived value the coin will bring, but is purely in hopes to make a quick profit. This coin took that irrationality to an extreme. Even one month after the death of a developer and the halting of the project, the coin continues to grow. Check this out:
You'll notice that the market cap has been increasing. Now one would expect this coin to eventually go to zero, and I think it must (we all go to zero in the end, right?) but what will happen in the meantime? Only the crypto-gods know now. One thing I do know is that Warren Buffet would surely shake his head at this one.