If you ask me that is Cryptsy manipulating the market. I was mining NET for a while and suddenly all deposits got stuck for 2 days. The price went up but I didnt have any to sell, they were STUCK somewhere in Cryptsy pockets because block chain showed they are all confirmed 48 hours ago.

NET was at 1500 or so that was two weeks ago.

Cryptsy suddenly started releasing NET very slowly but also started DUMPING the coins to buyers who were unaware of this built up and were lining up. Sale orders in excess of 200,000 NET came through and crashed the price down to below 1300. Avg seller on NET is 50~10 coins. Sell orders of 200,000 came through in a flash. NET has yet to recover.

Same thing is happening to CASH right now, buyers have lined up to over 30,000 Satoshi, only because new mined coins are not reaching Cryptsy.

Next coin that comes out we have to vote for it NOT to get on Cryptsy and NOT to get on coinwarz for 2 months at least.