Yup. Even short term, look at the current price. We should be rebounding to 38-42 soon. M2 is literally any day; nobody knows, can be tomorrow. If that happens we are going to push 60-80, especially since the market has not factored in the 5 million dollar funding. The fact that things are so silent and all this fake extreme FUD kind of point to me a sleeping giant is about to be awoken and some people are going to be very rich scooping it up at these prices.
What make you think the multi-million dollar funding hasn't been factored in? I believe the contrary...it's been public quite a while. Factom did not waste any energy tweeting each article that came out about it.
I frankly don't know what's going to happen. I know I lost my ass waiting for the testnet to come out...any day now.
As long as BTC is bullish the safe assumption is that all alts are going to hurt a bit. News helps but I haven't seen many things flying lately.