The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didnt see this!
What do you mean?
This correction has been expected by many. The media as always covers crypto positively when the prices are rising, and vice versa when the markets are falling. This is just how the crypto market/ecosystem works.
It will not scare away people. Weak hands will dump regardless whether they are newcomers or not. Trust me, corrections like this happen all the time, and they do not affect the long term adoption of crypto a single bit.