Let me tell you the real reasons BTX price dropped so much:
There is no reliable exchange where I can safely deposit 10k $ and buy BTX, I tried all with volume, i used cryptopia, bit-z, hitbtc, every time with issues and delays, up to 12 weeks hijacking my coins and my airdrop. And what did they do with all those airdropped coins? SELL.
Assuming I want to buy BTX, from the moment I deposit my BTC to buy BTX, there is a high chance I will just lose my BTC without getting BTX and totally ignoring it's demand.
And since it is traded only on those shitty exchanges, those exchanges are totally manipulating the price since they can, inflating and deflating to scam you of more BTC, BTX.
I tried easyrabbit a few times, went smoothly, but since some days it doesn't work to buy BTX...
If I would be a BTX dev, I would give all the money or a shitton of money to get listed to a reputable exchange. This thing saddens me the most, since last year still no possibility to buy safely bitcore and hoard them cold and shiny.
I wouldn't agree that absence of reputable exchange is the main reason of BTX price drop. Probably it's a consequent of that drop together with low trading volumes.
I would suppose the reason of price drop consists in that big Bitcoin holders (i.e. big exchange cold wallet owners) throw off their airdropped BTX neglecting to the price.
But it's good that the process can't be infinity and likely is already exhausted itself
I'll tell you that the process of dropping coins is almost endless to zero. One more sharp Bitcoin drawdown to $5,000 and we will see a BTX of 10 cents.