Crypto is not dead, but many cryptos are on their way to be! The current bloodbath seems to be the beginning of a massive extinction event that is set to take down all the shitcoins, meetoocoins, scamcoins, low-end ICOs, .. etc.
The big mamooths might save their final battle for another day (I believe most will come back stronger), but boy will the small caps fight! it's gonna be survival for the fittest, no compromise.
My theory is simple in essence: Market will crash, good projects will recover with bitcoin, poor projects will not recover and stay at the bottom for some time and have a slow and painful death.
Let me know what you think in the comments.