This coin's been on an artificial pump since the 4th (started having a noticeable effect around the 8th). The price is going to drop once $30k+ in orders disappear from the buy list (they pop on and off as needed to manipulate), and that's going to happen whenever the manipulator(s) get enough coins at a high enough price to dump into.

Their algorithm didn't work during this fake pump. It just let some whale(s) rake up the buy wall and push everyone above them, and didn't change the rates once. Until a day or so ago. If it does nothing during this price drop then it will actually be doing its job (ironically).
This current MNX price is not cheap; it's damn near doubled in the last 19 days (with a 50% gain in the last 8 days). This is where you buy in if you don't care about being stuck with high buys because you're looking into a very long-term investment.