Things are pretty ugly with no signs on the horizon of improving. We've now given up 100% of the gains from Dec and Jan. And going the wrong way fast.
I know we were bitching about how stagnant things were between Aug to Nov, but were generally trending upward in that time. It seems now we're going straight into the shitter with no signs of slowing. That hack was the worst thing to have happened. Who knows if we'll ever see $2 again. If things don't reverse it'll be a long while, if ever. We're losing a ton of market share while tmc is going upward.
When the tmc was 250b we were 2x from where we are now. Now it's 450b and we're below .35 cents.
All the charts are pointing toward the toilet..
Hopefully things change for the better.
It wasn't the hack that did it - it was this incredibly dumbass idea of tainting coins and wallets. Lon Wong is one stupid, arrogant, callous motherfucker basically.
It is hard to know what the cause of the market downturn is. It may be what you're saying, it may be the hack, or just general market weakness, although NEM has fallen much more than other alts and BTC.
That being said, there are catalysts like Catapult on the horizon, so something to look forward to.