I don't believe that it's just the inflationary nature of MNE that's been pushing the price down since its ATH. Clearly there are parallels with ETH and the Ethereum ecosystem as a whole. Other Ethereum backed tokens are essentially mirroring ETH. And, the whole crypto market has fallen into a sort of uncertain, bearish lockstep with BTC with all this SegWit stuff going on.
Just look at the comparison between ETH and MNE below.
I think that burning MNE for MNE v.2.0 will be great for the price, but remember, that MNE and other Ethereum backed tokens will probably always (on a macro scale at least) follow their bigger cousins...
Agreed with you this is nice analysis of current situation where people a lot of doubt and fear about upcoming event of bitcoin HF. But MNE will remain potential coin for its unique features and first ever slef mining contract on Ethereum blockchain.