Any clue on why price dropped?
Was wondering the same myself - I think it should stabilise soon

When the prices went high the volume was also high. Now , the volume is very low, so the prices are down. Less people are buying ANC now after Bitcoin value spiked up.
Moreover , i think people like to buy 1000s of worthless dogecoin for 1 LTC than , few Anoncoin for 1 LTC.
P.S. I love Anoncoin idea so much that my views might be little partial towards it..
There's also the Zerocoin that could be launched at any time right? They've decided to launch it as an alt coin. Once they do that Anoncoin will have some direct competition.