Why EOS should moon? The price is overvalued already since beginning. People don't want to launch ICO on EOS and they just took gamble niche in blockchain. SO no reason for moon I think.
your explanation makes sense too, but do you see what the ethereum platform is? what is the price of ethereum? although the price is expensive but ethereum still dares to launch and create ICO, so I think this depends on how the EOS is developing, whether it has the courage to move forward or not all depends on the development of the platform.