Why is ppc value crashing down atm?

[co2pop]

PPC is suddenly losing a lot of value from roughly 0.00265 to 0.00235
Is this a dump / dump&pump or is there a real reason behind it?

[spoid]

all altcoins are tanking vs bitcoin right now, probably it's just altcoin saturation after the last week of insanity

[davidpbrown]

There isn't huge volume atm.. I just sold some and that moved the price by 0.0002 but it's nothing to worry about..

[seleme]

PPC is biggest victim of hyper altcoin production lately, it was traded as third coin for some time on btc-e then it pretty much frozen when all these new coins appeared

[Vitalicus]

New cripto-currency "FTC, CNC, Bitbar.... " and integration on BTC-e has killed the trust in cripto-currency.
STOP make new currency !

[zumbador]

New cripto-currency "FTC, CNC, Bitbar.... " and integration on BTC-e has killed the trust in cripto-currency.
STOP make new currency !

That train has left the station. There will be thousand of alt coins. The most innovative and popular will make onto the major exchanges the rest will be traded privately and by small specialty exchanges.  I know of at least 10 people working on some form of alt coin, so I think that's where we are headed.

Bright

[bitdwarf]

It was stable around ~0.0022 just a few days ago. I swear some people have less than a 3 days memory span.