how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense
you will know what the reason is if you understand eth well. indeed ethereum is the top choice for ico, but do you know how many ico are successful or reach hardcap this year? only a few, the rest of the others are failures and scams.