Cryptocurrency dumping

in crypto •  7 years ago 

There is a major drop in cryptocurrency this week. I have a theory and believe it is reasonable. I believe so many ICOs are cashing out recently which dramatically drop the value of all cryptocurrency especially Ethereum related. Litecoin and Bitcoin are holding their values pretty well, however, there is a slight decline.

What do you think? Does my theory some reasonable?

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I think its just because of the august ish. Surely most currencies will bounce back. Pls follow back