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. You might say another example of proof of stake failing to store value. 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. Some of its supply was airdrop to bitcoin holders. The developers then played god and started chopping and changing the rules about who would receive and when. They thought they would attract more investors that way, cheered on by the community. The coin all but died. A warning that what seems good to the community and devs might not be.
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.
There's a difference here... both OByte and Cloakcoin dropped massively in the bear market and people gave up. Dash isn't doing as well as you expect but it's still in the top 30 and higher when not counting fiat-backed tokens... and while many of the community might have given up, the devs are still well funded and advancing the technology.
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 before 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.
Relax. It was a question, not sure how you took that as an accusation. Yes once PPC was abandoned by the devs during the bear market before last, the community more or less gave up too. Which in turn made sure it couldn't naturally recover during the subsequent bull run. Perhaps if BTC reverses course and enters a new bear market for another year or two, Dash and many other alts would be eventually abandoned too. For now development is still going strong and it's highly unlikely Dash will be ignored if the bull market is in full swing among altcoins by next year.
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 of the reward split being too heavy for masternode owners 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. If Ryans proposal will help why is there not investors front running it? Today we can't count on masternode growing, it is already high. We can't count on a bitcoin fork helping dash to that extent. We can only hope suddenly the market falls in love with dash platform and nice usernames, assuming those do come along. Or some other unforseen event. Dash has payments. It needs value.
Majority of explanations thus far have come across pretending Dash somehow drastically changed its reward allocation and that's why it's doomed for failure. The idea that the masternode count is saturated has been presented but not as the main cause and I have more than once shown using math that the network could easily add 1000 or more masternodes to reach the same percentage of coins used as collateral as during the last bull run. Add to that new solutions like StakeHound and it should be even easier. The btc/bch drama likely caused the initial pump in Feb 2017 to be as high as it was but I don't put much stock in it beyond that.
I can name 2 things which hurt Dash's price during the bear market... 1) the whole Evan Duffield drama and 2) the confusion and alienation caused by whether Dash a privacy coin or not. These hit Dash hard in the "2nd" bear market after the mid 2019 fake crypto pump. Yet even so, after even more Dash holders capitulated, it looks to me that Dash is now on its way to recovery.