The biggest issue Monero has pricewise is lack of liquidiy. Sure there are decent amount of btc bidding XMR but it is not enough to catch the dumps. Bitcoin is currently fairly stable and actually is in nice bull run.
I hope the volatiliy will not harm the adaption. For me I do not care my stash, it is too small to care but I am more worried about the adaption.
How can you possibly have liquidity when the marketcap is only 130m and the coin is the second most traded since bitcoin? The trading/marketcap coefficient is 1/11, while in bitcoin is 1/70, in Eth 1/100 and in dash it is also 1/100. Only after 7-10 times increase in Marketcap or 7-10x decrease in trading volume the liquidity will get more stable.
How would it look like if there is a buy order of 13 000 000 XMR near the current price when there is only 12 900 000 XMR in the whole universe currently?
To be low volatile the market cap has to exceed the current marketcap of bitcoin. There are bitcoin whales who can dump bitcoin to the bottomless pit.
One thing I do not understand: why the big guys dump their Moneros? What is the point? Isn't it better simply to drive the price higher and higher and higher. Those same whales will benefit because new people will adapt Monero and once the new people hold it for some time they are also happy with the increase in purchasing power.
Why not just drive the price higher than the price of bitcoin...? It is possible but it requires a lot of dollars obviously. But the dollars will come when there is a bull market.