According to Coinmetrics, for the last week of September, courses 180 of 250 or 72% of the largest cryptocurrencies fell, and for the entire month, 93% or 232 digital asset lost price.
Analysts associate a massive decline with silence around the projects in the field of decentralized finance and revenue pharmace. According to the results of September, most DEFI token lost from 15% to 85% of their cost, which led to the sale and decline in investors.
Since spring, one of the main key growth factors of the cryprot was euphoria from the revenue pharmace. Thanks to which in August, the course of Ether (ETN) rose to $ 470, but in recent weeks it fluctuates at $ 350.
According to Defiworld analysts for the cryptocurrency market, tightening price kickbacks and sales are characterized, which often end with sharp races of the course. Therefore, they recommend looking at the current decline, as part of a wide cycle, and wait for the renewal of the rising trend.
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