Does this account for the fact that 500m more tokens are still to come into circulation before May 2018? This fact alone indicates to me that we should see EOS slide more since the supply is increasing.
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If EOS was the only Alt coin in the red today, yes. The fact of the matter is that all Alts are in the red....Bitcoin non-phasic status. I did not see any nay sayers when EOS was just recently rising with all alts to around $0.74 or so.....
EOS, like any ALT, is swimming in the same cryptosphere the tides of which are moved by Bitcoin.
nice answer!
Not for too long !