Looking at the charts now the biggest losers are SBD, HEXX and SALT and the not so bad losers are Decred, ETC and Bitcoin Green with an average loss of only 10%. Decred I've observed has always been a stable project. Although these trends are no indication of the strength of these projects, it shows that cryptos backed by a strong community and a focused team appears to be less volatile when there's a meltdown.
ETC has dipped massively in the past dips and the current price stability is sheerly due to Coinbase's announcement. According to me, Ethereum Classic is a great project to back and it's a long time HODL for those of you are keen on a stable portfolio. Most of us were expecting massive volatility in the crypto markets in June. The current shake up did not surprise me at all. I remember while attending an event in Melbourne, one of the co-owners of a local exchange told me how the the trends in April and May were just bull traps and June will see a crash that may take the price down to 3k USD.
Based on his predictions, BTC is yet to see the bottom.
SBD's massive drop is actually a nice thing because you can swoop them up when it hits rock bottom to power up later. Remember supply for SBD is limited and it's not a utility token. I'm hoping for a bit more of a dip in the coming weeks. For those of us who have discovered crypto in the last year or so, this dip is god sent. I feel it's best to stay alert and get into coins like Factom, Decred, ETC, HEXX while they are dirt cheap. Of course, don't miss out on BTC at low rates.
Bitcoin Green is a relatively new project that offers Proof of Stake instead of Proof of Work to save on energy costs. It questions Bitcoin's high energy consumption and is backed by a vocal team. Bitcoing Green is available for aussie investors on NZ-based Cryptopia.