My opinion, but the reason for all cryptos to have dropped, is the cost of bread and milk.

Personally I remember when a gallon of gas was $0.79 / gallon US. I bet everyone realizes it is not that anymore.

For the last couple of years, in the Gridcoin wallet client, it has been standard to see between five and 8 active connections to the Gridcoin network. The average, guessing from what I have observed, is now between 48 and 51 most nights, just looking at my client.

Bread and milk - staples - like gasoline, are too high, people need fiat to purchase said staples, Gridcoin is not a staple, but it can lead to fiat, so it gets sold, demand is therefore down, prices drop, easy peasy lemon squeezy economics.

If anyone out there is honestly trying to tell you that it's your fault @erkan, ignore them.