XC price deserves to rise to 0.5 BTC at least, but it will take time.
Let's work on breaking 0.01 first.
Which should be fairly soon.
Well, we probably will need BTC price to recover a bit first. Need some market confidence to come back... hard to predict when that will happen. But I agree, when that does happen, where do you think BTC will come pouring into? My bet is that XC will be at the top of that list.
There were speculations that bitfinex was margin calling on people and closing their short BTC position which flash crashed it. Adding onto it, there were speculations that Ethereum people were dumping their BTC that they got from their "presale".