Monero seems to be quite unstable. What's wrong with the price?
Actually, it is remarkably stable since start, no large pumps and dumps along the way. Mean average price rising since may.
Really? Have you looked at the chart? From a high of .01111 to a next dump low of .0024xxx. I'd call that a large pump and dump.
https://poloniex.com/exchange/btc_xmrChart doesnt tell the whole story. High of .0111 was something like a 1 xmr sell off to noobs when xmr got introduced on Poloniex.
Here's the real story :
otc : dont remember but there's a thread about it
crytponote exchange : high of 2,25 mbtc then dump to 0,8 mbtc
poloniex : high of 8 mbtc then dump to 1,75 then high of 10 then dump to 2,3
"High of .0111 was something like a 1 xmr sell off to noobs when xmr got introduced on Poloniex." Yes I think you are right. The .0111 was one of those early sells but during the pre-mintpal pump, XMR touched .01 twice and followed that buy touching .0996xxx and .0916xxx. It then fell to a low of .0024xx before rebounding where it is today. That's still a fall of about 76% from its most recent high.