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What about DASH then? DASH and XMR both went up at pretty much the same rate at the same time during this last run up, but XMR went down and DASH stayed up. What the heck does that mean?
Take a look at DASH/XMR with settings of all and 1 day.
https://poloniex.com/exchange#xmr_dash. DASH is actually trading towards the low end of its historical range since November 2014 so it is not surprising that DASH held up better this time.
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one is a shitcoin, the other isnt.
Well that's not really fair. DASH and XMR are both very real, legitimate coins, despite what either community trolls say about the other. The fact that their chats are always pretty similar seem to show that the market agrees with me. What I don't understand is why XMR would detach from DASH and fall so drastically.
Any (non "scam" or "shitcoin") theories on whats going on?
To be blunt I do not see this as really relevant here. The issue is that the market is voting for or against Bitcoin rather than for or against Monero, Ethereum, DASH etc. I suspect to a large degree this is over the blocksize issue in Bitcoin and based to a large degree around short term perceptions and emotions rather than any long term fundamentals.
My take is that:
1) Monero is not impacted by the blocksize scaling issue.
2) DASH for better or worse is not
perceived to have this scaling issue. Furthermore because of the pending DASH Evolution it is far from clear how DASH is impacted by the blocksize scaling issue.
3) Ethereum may actually have worse scaling issues than Bitcoin but the market has yet to figure this out.