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EOS at $1.61?

BY: @theofilos13 | CREATED: July 11, 2017, 9:28 p.m. | VOTES: 4 | PAYOUT: $0.85 | [ VOTE ]

I am new in the community and I can't understand why this is happening. Is it because of EOS?
[IMAGE: https://steemitimages.com/DQmd5iuDpmh5XuAS9U2XRDkeTBya93jCANVvKE58H6V1qAz/DQmYEh7ScPizHsbgUUEKUL2iwL6kxeFo4ari55DdAav1CSH_1680x8400.jpg]

Why is there a free fall on the value of EOS and every crypto coin in the last few days?
(Since the launch of EOS Distribution)

EOS : $1.61 , -21.60% (24h)
Ethereum : $196.41 , -10.34% (24h)
...
source: https://coinmarketcap.com/

TAGS: [ #eos ] [ #fall ] [ #blockchain ] [ #technology ]

Replies

@naturalsoda | July 12, 2017, 1:09 a.m. | Votes: 1 | [ VOTE ]

The answer is simple, the ICO is not over and 2 million tokens will continue to be dumped on the market everyday for a year. http://eosscan.io/

@theofilos13 | July 12, 2017, 1:34 a.m. | Votes: 0 | [ VOTE ]

Ok I go it, but what about everything else? Does the EOS affects so much all the crypto coins?

@naturalsoda | July 12, 2017, 5:30 a.m. | Votes: 1 | [ VOTE ]

I don't know about everything else, crypto goes up and down, it's about enjoying the ride.

@steemitboard | July 12, 2017, 5:24 a.m. | Votes: 1 | [ VOTE ]

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@steemitboard | Aug. 11, 2017, 6:02 a.m. | Votes: 0 | [ VOTE ]

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@steemitboard | July 9, 2019, 12:02 p.m. | Votes: 0 | [ VOTE ]

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