And the endless dumping continues. one of the worst performing coins of the month so far!
Actually, it isn't. It's about the whole crypto market. A lot of money was sucked out of the circulation during past month. Some of it comes back, but the majority in BTC. Once BTC is self-regulated, money will flow back to alts. The worst thing to do now is to sell. "Lots of newcomers are giving their money to veterans.
This market is so dependent on BTC that it's kinda sad. If Bitcoin is correcting, everything else is too. My opinion, Bitcoin has started a fresh set of 5 waves up and we are currently seeing wave 2 (down) of that 5 waves. It makes people wary that we are still in a correction. Once it starts wave 3 up the market should see some strong moves up. If you look at the crypto market capitalization its the same thing. Wave 2 will probably correct 50ish percent of its last increase.
I'm eager to see that cause emc2 for now is actually does one of the worst performing coins of the month, but at some point emc2 would start turning up, and what makes it so hard is so much bagholders because of that very very bad performance + the non reaction from the team.