I don’t expect to see a solid recovery in Credits, until we first see a solid recovery in Ethereum. The on-ramp always rises first. That’s why typically, we often see Ethereum will spike, and then Credits follows a week later, roughly.

I also suspect that what many gamblers have been doing is selling their Alt. coins, and buying Bitcoin, on the pure speculation of the possibility of a Bitcoin ETF in the United States.

It would be interesting to see how much of the outflow from KuCoin was into Bitcoin, if anyone is able to check that, because this might reveal some interesting patterns, also. I think some of this money will eventually come back into Credits.

Given that a significant portion of the capitalization of Credits is by speculators And not long-term investors, this downturn should be anticipated, Especially after the delay in the release of their Main-net, As well as the failure to get listed on the bigger exchanges.

I am impressed enough with the new website, to suspect that I’m not alone in this assessment. This team is in a life-and-death struggle, but they have come a long way.

I say, give credit where Credit’s are due.