Value of MMC Going down

[Velocd]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

This was petty as fuck.....The price was dropping well before newmine won. I would say it was the increase in miners pumping and dumping the coin to make a quick buck. I realize you're under attack right now in another thread but it doesn't behoove you to step down to this level and point fingers. 

[FreeTrade]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

[MegaFarmer]

Looks like Freetrade's reputation isn't doing too great right now

You are right.
And also notice how FreeTrade is trying to blame everybody else for the dropping value, except for himself.
He claims that the value of the coin drops because people are attacking him here, while all they are doing is asking him valid questions that he will not answer.
When you read the whole thread and not just FreeTrades replies then you will get a clear picture of his hidden premine game.

Fortunately we have the voting system to replace him as CEO. I suggest you use your votes.

[isaacgoldbourne]

If you look at the price of any altcoin this seems to happen, start high, go low and then go even higher

[Velocd]

The value is that it's not just a copy paste scrypt coin. There are elected positions that pay salaries the person/teams contribution to the coin. It's actually quite unique, but some there are some kinks in the way votes are weighted by the amount of coin in a wallet.

[jae208]

actually, i really hope it will go up !  :-\

so do I but I think its going down because of all the politics going on

Look at one of the other discussions going on with Freetrade...

Looks like Freetrade's reputation isn't doing too great right now

[caliboy]

actually, i really hope it will go up !  :-\

[jae208]

Anyone know why the price of MMC is going down? Its about $0.41 USD right now.
Does MMC have potential in your eyes? I honestly don't yet see what the value
Of this coin is other than just another Altcoin. I just don't see such an innovative
Coin here...