Cryptos are overvalued: This market is correcting that!

[Eddyc]

For some reason all useless coins have had some purpose for the crypto, perhaps some may emerge from the ashes or even disappear at once. However, in relation to the issue, the market correction is not derived from unprofitable currencies, but from the fundamentalist moment of the market. So with a slight fall some media use this moment to reach the masses without information, influencing the sale in excess.

[JacobLiam12]

In recent times there are many countries are accepting bitcoin for this reason those countries peoples are investing on this market. If these peoples are doing trade then automatically market price will raise.

[Mr_know_it_all000]

The market now is going down not because people are getting rid of their altcoins but because big league coins like btc and eth are going down and this is getting down the entire market!!

[Indrawan77]

If it's worthless then you wont see the high transaction, and you can't determine the undervalue or overvalue, because ita decentralised, the only one that make it got value is the demand and supply, and as long as people can make profit they will keep on investing in crypto, the market now is slowly healing due to the last hype, so hopefully we are entering the more stable zone

[jerrison]

the market has different values it recons with. the fact that events and occurrences take place in the business world, it will always have effects in the market, whether it be positive or negative but in all just be positive and not to consider the price of coins being overvalued

[nonik]

it is true that many new altcoins are emerging and have great value in the market, and this does not rule out the likelihood of many people interested in investing the money there, but we must be observant in assessing altcoins that have the potential to benefit from the funds invested. therefore we must see how valuable the altcoin is and the whitepaper of the company must be clear.

[danherbias07]

The problem is even the ones with good features are being hit by this correction that you are talkign about.
I have seen great ones.
Aion, Qtum, PundiX, all of these have good products and features and yet they are undervalued.
I dont think that is a correction but more of a foolish investing strategy of people.
Not knowing there are great projects and yet they just go with the hyped ones that are being told by popular people.
So much for being a fanatic only.

[ballerin and giroud]

Does not make sense if you talk worthless but have a market billions dollar. This is not manipulate but this is your false who don't understand the concept of cryptocurrency who have decentralized system. Cryptocurrency turn over high and low a market to supply and demand, if the market have a high market it mean that market have a lot of demand and otherwise.

[TravelMug]

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

That's why alt coins are so called pump-and-dump schemes because most of them are overvalued because pumpers are pouring hard cash with the intention to dump it as soon as they have made a lot of profits. So its right in front of our eyes, but if you still fall for it, then that's where the problem arises. So its really up to us, who should think very hard whether to invest on this shitcoins otherwise you might end up loosing big chunks of money here.

[kastara]

Yes, so many ALT coin and that is also the result of the new project that appears so that ALT coin has value and market share in hopes of returning their investment and benefiting from the emergence of ALT coin.