I think the drop is just a bunch of people taking profit. they are going to lose out on the next big pump in altcoin. There are altcoins that are going up still beacuse the market is beginning to realize that they are missing out on massive opportunities from selling them
well that's what is important when investing into an alt trading you should understand the big possibilities that the value will go up even more
i'm in the position that taking opportunity when red is showing around the trade site if i do have spare btc i keep buying little by little in order to gain profits when massive pump start all over again.