For some reason, crypto being banned on social media does make an impact on the crypto world. Maybe its just a coincidence but everything falls apart after crypto got banned on social media. Hopefully, the other way of communicating and informing the world about crypto investment will work. As we all know, popularity will have an effect on demand, social media helped in that aspect but its gone for now. If they can lift the ban, maybe the market can recover again.
There is no ban on the social media about crypto currencies it is all about they stopped promoting them but I don't think this is reason for the fall of the crypto market this year.And the social media promotions won't bring that much attention to the ICOs most of the bounties concentrating on youtube bloggig and the signature campaigns.