I think the downturn is because of all of the injected capital in ICOs in Ethereum and Bitcoin being spent for operating costs by the new companies. The snowball effect into other cryptos is just a side effect of the decline in btc and the selloff to take advantage of low entry points for btc and eth. People typically rush to safety during a downturn. I think this problem will correct itself in weeks.
You are viewing a single comment's thread from: