Now it has slumped below $1 it is in a death spiral which will accelerate the value down to 1 Sat and below. Market Cap plummeting down past #13 and soon to fall out of CoinMarketCap top 100.
If you have any monero and, unlike whales, cannot afford to throw good money away I suggest you offload quickly - the price is slumping but the volume has been decimated - the whales are definitely done with the pump & dump.
I still see shills on here arrogantly assuming that Monero is #2 to BTC - they are not delusional - just merely hired hands. Now they have done their job enriching the whales they will soon fade away along with their 300 vacuous [XMR] Monero - Naked Vegan Crypto Discussion threads.
To the devs - I say 'Keep calm and carry on developing'. Learn from the devs over at [BCN] Bytecoin who kept their dignity and measured feedback in the face of the orchestrated abuse and attacks. Also learn that price and market cap is irrelevant in these nascent technologies.
I don't think, its a good idea to go out of any coin now, as they are all near a bottom...