Sure anything is possible, even a death spiral, but Cloakcoin and Obyte never came close to Dash's success. Did either of these actually develop something new and aren't they both effectively abandoned now? Wasn't Obyte a free airdrop to BTC holders? And did Cloakcoin's ATH even reach Dash's low in this bear market?
Cloakcoin didn't match the success of darkcoin but came at a similar time. It was a proof of stake coin. OByte was a rival to iota and top 20 at one point. Iota still top 30 roughly. OByte dropped out the top 200 last time I looked. Both DAG instead of blockchain. Byteball had really good features that were ready to use.
The point of similarity with OByte as I am experiencing it, is the way the community refuse to acknowledge problems exist even as the coin drops ever lower in ranking.
At least PPC developed something new and after being abandoned has a development team behind them again. You think Dash was abandoned?
I think Dash abandoned? No! I never said or hinted at that. You making shit up here. Peercoin being abandoned came after its fall to insignificance not after I would guess. I dont' follow peercoin. But even with new developers it will still have a flawed economic model I presume. Therefore it won't attract value. Dash can masquerade as a full proof of work coin, and might get away with it to an extent and do a litecoin. I hope so because that is better than spiral of death. Its not what I aimed for.
Anyways, I've made my case, Dash will likely follow LTC's path (Feb-Mar 2017 and even now to a certain extent). Now we just wait to see. Place your bets by either buying, selling or holding...
And stop putting much of any weight on the whole store of value thing. Nothing has materially changed with Dash's allocation split between masternodes and miners since well back before the last bull market. This is the fact that no one has even attempted to explain away. If anything has changed, it's reduced inflation and less rewards to both masternodes and miners this time around which should act as positive on the price.
No one has tried to explain! For real? OK I'll try to explain (again) In those days the effect was hidden because the masternode network was growing. It was then hidden by large speculative moves hedging the bitcoin /bcash fork with Dash. That does not mean it wasn't there. It is also a different market that can't be compared to today.
Just like so many people were still bullish mid 2018, so many people are now still bearish today. It takes a while to see what's going on. And yes only BTC and a handful of alts have really turned bullish recently. Give it time... the rest of the worthy alts will catch up in due time.
You actually think that if BTC is $100K, Dash would be $6 or even stay under $100? Why are you here then?
I have always said Dash will have a bull market against fiat. (Fiat is heading for oblivion potentially) Against other POW crypto projects dash suffers because the reward split leaks value away from the chain. There are many competing projects, hundreds. To be selected as one of the top ones, Dash can't afford to airdrop too much supply away to holders at zero cost to produce. This hurts dash store of value.
I do not attach too much importance to store of value. It is critical. Unless Dash is not to be sound money but just throwaway tokens used for exchange only. That doesn't interest me.