Crypto is not dead, but many cryptos are on their way to be! The current bloodbath seems to be the beginning of a massive extinction event that is set to take down all the shitcoins, meetoocoins, scamcoins, low-end ICOs, .. etc.
The big mamooths might save their final battle for another day (I believe most will come back stronger), but boy will the small caps fight! it's gonna be survival for the fittest, no compromise.
My theory is simple in essence: Market will crash, good projects will recover with bitcoin, poor projects will not recover and stay at the bottom for some time and have a slow and painful death.
Let me know what you think in the comments.
@projenix, you are interested in reading, maybe you read me too
Congratulations @projenix! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!