Possibly, however you are missing the huge problem in that nobody is mining and watching monero.
The market doesn't give a shit. the price keeps dropping to 0 against bitcoin and in USD for that matter.
There are no major market incentives. the hash has increased by 2x in 6 years. literally nobody cares about it. The markets have determined this.
Think about it. as CPU have gotten cheaper and WAY more than 2x more powerful in the past 5-6 yesrs, the hash hasn't even kept up with this leap in power and efficiency. not a good sign for the future and next decade