Current situation is based around whales pushing FUD. It's way more profitable to create a panic sell and collect tokens as their previous owners throw them away in desperate attempt to save at least some hard earned cash. It has nothing to do with an actual technology, which improved massively in last year. Neither it has to do with the news and legislations, which are quite positive lately. When the market is working against it's own rules, you know that it's rigged.
But it's fine. It's what many of us, who are in the market for a long time, were waiting for. And it's still not the end.