Cryptos can not go below their mining costs. It is most likely being manipulated by the EOS and Tether group and certain exchanges. They can get away with it now since the industry is still relatively young and small. I think the plan was to extract $2 to $4 Billion dollars from the crypto market by means of a cleaver ICO and token platform and disappear into the sunset. Let us see how this plays out. The blockchain is solid technology and cryptos are not going anywhere. They WILL BE the new monetary system.
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