The Monero cryptocurrency is gradually losing weight, as other coins are falling in value every day, in fact, Monero is no different from others.
I think it was obvious that crypto currencies were highly overpriced/overhyped in December, especially if you compare their speculative and utility value.
As you said Monero is no different then others, but it's utility value is still pretty high (
https://www.express.co.uk/finance/city/908747/bitcoin-monero-dark-web-Chainalysis-North-Korea-cryptocurrency) compared to others. IMO the
bottom price is more important then ATH price. And we will see
how low will it go.