Primecoin (XPM) is extremely undervalued at the moment folks. Gains of 2000% + are coming with the next Bitcoin bubble.
Please read my Technical and Fundamental breakdown of Primecoin at
www.coingroup.caPrimecoin is a nice proof of concept but nothing more.
It has zero benefit to the user of the currency wrt other "classic" coins such as bitcoin/litecoin. Note also that the scientific contribution of the PoW function is not so clear.
I don't see anything that would justify a 2000% gain, or even that it is undervalued. If you are saying that just because it's cheaper than it was in the past, it's a fallacy.
Price decrease is because media hype is fading away, and the price was partly (mostly?) based on media hype. Media hype is not a fundamental, in fact it is the same as a shitcoin short-term hype, but instead of the dev promotting his shit in a bitcointalk thread, it's an often clueless "journalist" doing it on coindesk. Different scales but same lack of fundamentals behind the price.