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Agreed, what you trying to explain is correct. But people dump because of FOMO. It's not ordinary investors who can take tron price up or down but whales can do. Tron is totally controlled by whales so they will pump or dump whenever they wanted, whether or not there is mannet test or not. On a side note, whales dump their sell orders on poor ordinary investors always resulting in their loss. Overall, it is nothing but a shitcoin.
Privacy being usual. Commodity of rich and powerful people. Privacy coins aren't dying or gonna reduce in value because general people wont be using it. It will probably fall in value in short term but not in long term. For privacy, there will be always demand atleast among rich. The value of any asset comes down to demand and supply. Not by opinions or government regulations. I mean seriously, governments cant even figure out taxation loopholes lol