exactly right paulr1. much much much to low. i really can not understand why people are selling at this price
It's because of the same reason UTC was a candidate of removal from a couple of exchanges in the past few days: low trade volume.
UTC will not have an increased value as long as there is no buy pressure and trade volume is this low. Volume brings attention to a coin, as long as there's no volume people don't even notice the great features of UTC. A kick-ass X11 multipool can help UTC, but there are also other ways to bring in more volume.
Well I guess we could all buy and sell UTC between ourselves to bump the volume. Certainly noticed that a buy on MintPal of only a few cents can have a significant impact on the price. Maybe we need a BTC fund to just buy up when the price drops because of a few non-believers. A 1% increase each day for 10, 20 or 30 days would be very nice