The crypto currency price correction was anticipated by Aberdeen

Just before the free fall in cryptocurrencies started on 25h June, i read an article posted by @maochitse. It was very timely article which mentioned the opinion of the Aberdeen Asset Management.
https://steemit.com/bitcoin/@maochitse/aberdeen-asset-predicts-burst-in-crypto-market
Their head of global venture capital had mentioned that the valuations were not driven by network usage, but they’re being driven by speculation about the price appreciation in the tokens which he termed as the gold-rush mentality.

The proliferation of ICOs and the rapid increase in the price of tokens upon listing is one of the indicators of a bubble. At the time of writing this article the currencies were finding it difficult to recover from their low. Bitcoin was trading at $2443 and Ethereum was at $243.