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RE: Ethereum Price Drop: What Are The Reasons For $22 Bln loss & Future Outlook for ETH
Yes it seems that all cryptoassets are somewhat correlated, meaning when we are in a bull market you can literally close your eyes and pick a coin and it will go up. The exact opposite is true in a bear market where even the most high quality projects like Ethereum get slaughtered. For me it is important to have a long term perspective. Everyone generally agreed we were in for a correction but hopefully this will look like a blip 3+ years from now. HODL!