Market cap reached new low now. For now there is no hope that it will recover in 2018. Negative news keep coming and taking market to new low.
Many bad or negative news are now spreading because the market keep going down and turning red, but for me this kind of happening is normal in crypto world and it's good that different events occur each year as well as the nature of the crypto that we will not always have never been able to predict the events.
Cryptomarket is still young and will take time to become mature. Till that time it will keep fluctuating, but it this gives opportunity to buy tokens at lower rate.
This is hard time for many people. Almost 70-80% people joined Cryptomarket after last year's bull run. So first time they are seeing something like this.
Exactly, I can only imagine how those people will be feeling now. I also really don't know the plans of the market, if it will project forward or backward but one truth is that this has greatly affected crypto projects and ICOs.
Crypto just need more years to stabilize, for folks who invested hugely when bitcoin was at around $20,000 my advice is just hodl for couple of years. We all know there's going to be bull run but exactly when seem to be the case.
Yea, its really a pathetic situation but just like you stated, something good will definitely come up in the future, the year is almost over and hopefully we will get to experience some positive changes next year, considering the fact that good news are coming out of the industry even in this critical period, i just believe that the industry is being manipulated