I think it depends on your goals/strategy. I expect it will go above where it is now sometime within the next month, though it may just be part of an overall market bounceback. My guess is the bottom is $1.30, and that will be after another slight rally, based on this chart looking at the last 32 hours or so.

But in term of long term viability, I'm not convinced. It's way too early in the project to tell. Right now they're riding on hype and marketing. Hype and marketing can make you money short term, but long term gains take results.