Guess what's happening? Ever since ESG made a stink about POW's harmful effects to the environment just over a year ago, BTC and other POW coins topped out. Institutions are very wary of investing in anything that doesn't have Black Rock's special approval.
If this was anything to do with anything then Dash would be at the top of the "mined coins" league, not the bottom because only half of its supply is exposed to competitive mining compared to the others.
So this is just another bogus narrative which deflects from the elephant in the room - that giving away free coins to existing holders beyond the point of diminishing returns has a chronic and corrosive effect on marketcap.
Masternodes are simply overpaid in terms of Dash-denominated rewards so the free market revalues the marketcap downwards to make the dollar value of the reward viable. If we want the dollar value of masternodes to be sustainable then we need to throttle them back in terms of Dash and allow the market to revalue them back upwards in terms of dollars. This will of course have a far greater benefit in terms of capital gain on the collateral but at least it will make the rewards worth something again in terms of income.
You're a one-trick pony. While I've always maintained that masternodes are overpaid you speak in absolutes and ignore everything else. So no other variables right? If only we change the ratio to 80/20 then Dash is top 10 again? I seriously doubt it but this is a mostly irrelevant discussion. Good luck!