All market is capitulating. Maybe becouse of the bitcoin, maybe not. But one is true, price of bitcoin has an impact on tokens price. What will LEOcoin Foundation do for stable their coin. Link its price with bitcoin isnt a good and smart deal.
We have not
linked the LEOcoin price with any currency. In fact, the LEOcoin Foundation is not operating any exchanges, so the base pairs that are traded by third parties are theirs to choose. Most exchanges would list any digital currency or token against BTC or ETH, so LEOcoin being traded against these pairs is simply common praxis.
And, personally, I do not see markets capitulating. Many parties have joined the crypto train in the 2015/2017 period and now take profits. Also the many ICO projects that have been paid for their tokens with bitcoin and ether, are now rumoured to be dumping - i.e. taking profit. Profit taking is a normal praxis, particularly when people need liquidity when stock markets are falling into bear territory.
Considering the market decline, I hope that you notice how relatively well LEOcoin is actually doing with regard to price stability. At the start of the year, LEOcoin was at 1691 sat. and today we are at 2009 sat. And with 20% stake for large wallets over 50,000 LEOcoin, we do offer relatively good rewards, compared to many other tokens.