You don't have to know who is dumping, just look at charts for last 2 years. Welcome to dump city.
Marginal costs of botnet miners is nothing, or relatively nothing = dumping intensifies. It's a disseservice to the honest miners and coin ihhabitants to allow them a gateway into the coin. Whether this whole CPU friendly algo will pay off in the future in some manner, I have no idea, but it definitely did not in the past for overall coin health. I think I was mentioning this would happen the 2nd day the coin was released.
The price would be way higher than now with a GPU advantage algo. First reason, better network effect because history has shown GPU mining always wins in that regard.. Second reason, the marginal cost blackhole doesn't exist, which is kind of related to the first.
With the recent hardfork it was proven that not more than 10% (+-5% for more accuracy) of the hash rate is botnet. Botnet and GUI are just an excuse to manipulate the market according to individual positions. Everyone knows that there will be traders controlling the price of the market, but the very culture of holding and respecting prices is lacking. There are other things broken and burnt bridges that is going to take a lot longer than bringing a GUI.
If we use jargons like network effect, then we must also accept that a LOT goes with it and what constitutes building it. Simply throwing technology superiorities is never going to cut it.