People recently saying it is a scam/bad coin etc. But can anyone explain why the price went from 2cent to around 3-4 cent recently? I would think all this scam talk suggestion would push the coin south.
Which part of "the coin market for this coin is being manipulated by the scammers" confuses you?
It is what a pump-and-dump scam is.
It would be unfair to discount your posts entirely - there HAS been intentional PnD in at least 2 phases:
1) Crowetic drama drove the price down to 6xx sats with a huge buy order ready.
Edit: before dumping, I have reason to believe that the same group probably pumped the price to the 4800 sats.
After this little 'stunt', the dev team and community have no affiliation with them whatsoever anymore.
2) Cryptopia delisting and news FUD, combined with a DDoS attack on seed nodes drove the price down to 700 sats again.
The attack has since been mitigated and the only valid argument (IMO) - the LevelDB version used for the wallet, has been remedied by Doc updating the repo to the latest version of LevelDB. Someone wanted to buy cheap or retailate against widespread claims of cryptopia's inadequate support. I'm not an insider by any length, so this is just my view.
PnD hurts coin perception and it is NOT a good thing for holders/miners like myself, but as an active Discord/Telegram member I can safely say there have been no concerted actions of this type by the community at large.
I'll be happy to answer any questions you might have.