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...
CryptoWinner I apologize if that may of come across as wanting a higher price right now, I assure you it does not.
I was trying to explain to the previous post, that a higher price is not currently needed, over the current nor future value of the project.