XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.
There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.
I like Monero though and hold some but the two should definitely reach parity again at some point.
The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to
the largest DNM adopting it, not merely
any DNM.
I could write an essay but who wants to read more than a few paragraphs in a speculation thread? Not me. Details and backstory are easily found in Google I just put together the interesting parts in comparison to Monero. And DHS is actually a client for Factom not just "here have some money". Some IoT thing with blockchains who cares I don't care about IoT but they're supposed to develop this thing for DHS.
And DHS is a part of the US government so there's nothing wrong in calling it that. I don't care about DHS or what they do, I only care that they are from the US government not like I am gonna learn every US agency and what they do or what they are called and I don't expect other non US citizens to either.
Same goes for one of many analytic firms on Wall Street..