I don’t really think so🤔okay you said that Ethereum and Bitcoin are the two main coins that are being used to fund these ICOs and IEO. So what about other altcoins, why are they not growing in price? Since ETH and BTC are the two major things that are being used in funding, other altcoins should be growing in price.

Well I can’t really tell though , but people like to tag whatever they feel like as the reason for the price of cryptocurrencies to be falling. No need for all these, let’s just assume that there isn’t much buying… cause we have all learnt that price tends to increase when there are more buyers than sellers, and when sellers gets more than buyers, then the price starts to fall.

Yup you’re right, but when the startups are just bad projects mostly then a lot of people be forced to quit and look for something else. Let’s assume that there are lots of bad apps on Android playstore, while apple is offering good apps, a lot of people would prefer to make use f Apple than android. That’s the same thing with this crypto market. If there are lots of bad projects , a lot of people would start to think that crypto is a place of scammers and nothing good is coming from it and that will discourage them from investing in it.