I think that the centralization of trading of XMR is what allows it to be manipulated upward and vice versa. I don’t know where it will go I am not playing it but it does interest me because of cryptonote protocol. I think that it is a precursor to what can be accomplished in the space. And also, I think that distribution of the coin is flawed where for two years majority of the coins are mined out by bot nets and that is only a consequence of lack of trust in the coin by general people until recently.
Most of the buys are through bitcoin holders who are adopting XMR and they likely did not come into the coin through mining, even though it is easier to mine than say… bitcoin or ether.
My target blockchain implementation can be related, I won’t give up the secret sauce until beta test but I think that one we launch you’d want to touch.