It will rise again, just need the part timers to clear off and reduce the sell orders. Biggest threat is those cashing in before POS, unfortunately crypto after bitcoin has held a media persona of "get rich quick scheme".
As it matures and the market becomes flooded with both miners and coins, that is a mindset we need to move away from, as we steer towards the I.O.T. value should come in the form of what projects offer both longevity, and use-ability at that time.
This, I believe will be one of them.
Can someone explain me why people want higher price RIGHT NOW? Unless they're the guys who bought on top of the pump @ 4-5k sato and want to quit right now with less losses.
Higher prices > more miners > higher diff > higher sign mining costs. So harder to collect good bag for PoS...
A bad chart could kill the coin. Volume is high now, that won't happen if it just keeps plummeting...Need it at least going up and down for people to pump up volume and drive interest