I know Hoskinson has said is a long-term project that is deeply immersed in R&D and that may be true, but as I have pointed out without a product or solution you have no sustainable business model and without that you have price action like that shown here.
in my opinion will go back to the bottom regardless of whether BTC recovers or plunges and I wonder if the Gartner Hype Cycle is even relevant; perhaps their is no slope of enlightenment or plateau of productivity for ADA! it has been suggested that for tech assets like cryptos, these hype cycles occur in series as fractals along an exponential curve, well unlike BTC many alts have such a low growth factor in their exponents such that their fundamental curve is more or less a flat line. However if the R&D that Cardano claims is genuine, I do think this one has a chance to survive the coming wipe out of shit coins.
One step at a time, but I think the blood letting will continue much longer for ADABTC , yet down the road, one or two years? If you really believe in the project then the bottom is always the best place to buy!
Jan 2018 chart
Remember blockchain technology is still very much in its infancy, if the Cardano team make good on their word they could be well-placed if their academic approach pays off.