Hey guys! I'm sure everyone's noticing the drop in the cryptomarket. Is there any particular reason for this? Is the bubble actually popping. I've heard that supply and demand, selling more than buying are like the main reasons for the market to drop. Even google announced that they ll be banning the ICO and crypto related ads.
What do you guys feel about the whole scenario right now?
The depreciation of the cryptocurrencies market has been attributed to negative news, causing investors' anxiety and volatility to sell off the amount of crypto they held to avoid losses. Google and Facebook banning ICO ads I think will benefit the bounty because the profits from the bounty will be higher than the current time because social bounty promotion campaigns are not used.