give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
I think the current dip is caused by two factors:
1. Binance API fail
2. MtGOX guy selling coins for 400M.
But the marker seems stable around 9K and alts seems to get a slight recover.
Altcoin was able to experience a price drop because Altcoin had a falling development. this could be the cause to make the price of Altcoin to decline. other than that usually level of followers ability to make the price decreased and did not increase. this will affect the price development of Altocoin itself to be low.