The total value of the market scriptaction currently is , which corresponds to values a year ago.
This observation was shared The Block analyst Larry Cermak.
The market capitalization as well as volumes of top 50 ERC20 tokens have hit 1-year lows.
— Larry Cermak (@lawmaster)
On the chart you can see that the market capitalization is closely correlated dynamics of trading volume of the top 50 tokens, Ethereum-standard ERC-20. Activity of trade in the past has also made marks a year ago.
It is worth noting that currently the rapidly falling price of bitcoin.
BTC/USD 30-minute chart of the exchange Bitstamp
As it usually happens, the fall of bitcoin exchange rate puts pressure on the entire market:
Earlier, the proponent of the Elliott wave theory Evie, Gilbert suggested that the rock bottom price of BTC at $4700 will be reached around mid-December of the current year.