EOS at $1.61?

in #eos7 years ago (edited)

I am new in the community and I can't understand why this is happening. Is it because of EOS?
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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/

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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/

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

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

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