"VeriCoin recently experienced an event that would have been devastating for any other currency, with the stealing of a leading exchange’s VeriCoin balance. It seems there are several reasons why this did not trigger a crash." - Dr Tom Holden, 23/07/2014.
Err, OK. You lost all of your credibility right their.
My interpretation was that the current fall in price had more to do with concerns over delays with the new UI for the wallet, and the new website, and possibly also reflected people being slightly underwhelmed by the "Buy VeriCoin" button. The VRC price grew a lot on the first news of the in-wallet VeriCoin purchase, with people thinking this would be a magic bullet for VRC adoption. When it in fact arrived, people realised this would not be the case, so the new steady-state price is naturally going to be a bit lower than the (overly-optimistic) peak, until new features arrive. The VRC market has also been very sensitive to delays in the past, so that certainly explains another sizeable chunk of the decline. However, it also suggests that the price will recover when these features do indeed materialise, just as it has in the past following delayed features.
It is very hard to back out why a fall happened from looking at a chart, so I don't claim overwhelming evidence for my interpretation over yours. However, the timing superficially fits my story better, with the fall happening after the release of v1.3.4, rather than earlier, when the "bail-out" happened. In any case, I'm not sure what we're looking at now is anywhere close to qualifying as a crash. The price has stabilised, and the fall was no-way near as fast as (say) the rise between June 27th and June 28th.
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