Price will substantially rise through real-world adaption. Not through speculation and bubbles.
Hey, thanks for keeping us grounded.
Cryptocurrency is actually a funny space: it's the first sector I know of where there is such a thing as "speculation bootstrapping." Let's face it: if Bitcoin had not gone through its super-pump from a cent in 2010 to >$1000 in 2014, it would not have caught fire as a payment option. Nor would it have inspired serious development of blockchain solutions. In an odd but very real way, the speculative frenzy did bootstrap Bitcoin's real-world adoptions.
The same thing goes with other projects that show real-world promise. The hype and huge gains lead to popularity and interest in what they can do. In the case of ICOed coins where some are held back by the devs, it also leads to a bigger development budget if the project is legitimate. Thanks to its post-release pump, Ethereum's non-profit foundation has enough funds to continue development for years. If it had stayed below $1, they most definitely would not have had those funds.
Really, "speculation bootstrapping" is a phenomenon just asking for a grad student in economics to poke and prod it. Of course, this kind of bootstrapping is the money-analog to "fake it 'til you make it": we all know the risks, perils and scamminess 'round here. But for a legitimate project like LISK, it really does work.
There's even a pattern developing, as shown by Synero, Factom and Ethereum: initial hype & mania; a letdown-pullback; dormancy while development continues under the hood; a parabolic rise when it's clear that the project
is making strides. I fully expect LISK to follow the same pattern, which means I might well be buying more during the "letdown" period.
P.S.: If you're of the same mind, the "letdown" phase is perfect for a
dollar-cost-averaging plan.