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RE: [NEWS] EOS causing current crypto-crash
BTC market cap is 10x EOS. I doubt that EOS is causing the entire crypto market to see red yet again. Will be interesting to see how/when EOS recovers from this catastrophe though.
Thank you for your feedback. Maybe you are absolutely right doubting that.
One problem though is that the fates of the entire market are closely entwined through Bitcoin. If projects experience setbacks some investors pull back into BTC. Sometimes even into FIAT after that. Which results in a reduced market capitalization.
Maybe it is a catastrophe to some what EOS is experiencing and that may lead to a panic-driven withdrawl of some holders. In my professional opinion EOS suffers a temporary setback not a catastrophe.
Indeed, BTC is the lead Bull(and sometimes bear) in the cryptosphere.
I hope it is only a temporary setback for EOS also.
If they do fall through I think that would have a cooling effect on all alt-coins, possibly all crypto.
GLTA!