People just react emotionally, they buy the news, expect something and when they don't get exactly what they were hoping for they sell emotionally.Price will reflect proper value in few months when "measurable" things start to happen and there won't be too much room for speculation whether its a scam or real thing.
Too many people have no idea about the market come here and do not know how it works inside. Any project I think is the right to life and a great development. So the most important thing to choose the right design and reliable team. And then to believe in the project and its future.
Because most people are only interested in its price or its PnD.
This is a longterm coin and the most important is its development and its features.
Sometimes people are blind and only see a rumor.