This depends very much on whether the underlying algorithm is ASIC-resistant or not. The lessons learned from the BTC mining power laws prove that coins that al

This depends very much on whether the underlying algorithm is ASIC-resistant or not. The lessons learned from the BTC mining power laws prove that coins that allow for ASICs to be developed and come online will see the trajectory you have outlined. Less so for ASIC-resistant coins like XMR.