The Vacation / Holiday effect
Much has been written on the swoon in Bitcoin and alt prices, but much of that writing is almost by definition by people not taking their summer breaks as seriously as many people do. So there has been poor news flow, reduced transaction rates / growth, alts not progressing their road maps, etc. I personally think it inevitable that once our peers get back to their desks, interest will pick up, road maps will re-engage, and we'll see some more excitement in this space. One of my personal tips right now is Reddcoin for the simple reason that its price will no longer be murdered by the types of miners that sell immediately, its road map for the remainder of the year should generate more interest, and the mere fact that the Genesis multipool is paying out optionally in RDD will provide some support for the price also (probably a small effect, but in the right direction). If anyone else agrees with me, set phasers to "RDD(Auto)" and we'll all support the price acting together.
Also my personal vote of approval and appreciation goes to the Genesis team. You'll have seen my recent comments, and whilst I'm sure you had these matters in hand already, it's always great to look like you are responding to comments and criticisms in a timely manner. Well done. I may even expand my hash power soon as my real vote of approval. Is there a current promo code -come on - I said nice things ;-)