Did Someone Plug in a Plunger? Top 50 and more Cryptocurrencies take a deep plunge

We are at the peak of the festive period and a lot of investors are hoping to turn in some profit from trading or holding cryptocurrencies. However, the stats revealed on coinmarketcap today is somewhat saddening.

There are a lot of reds on the market tracker as most currencies dive deeper in price with an average of 25% negative change. Only a few currencies like Ripple, the USD Tether, Electroneum, and Agoras Token seem to have not just a solid stand but made a giant stride.

IS THIS A PANIC?
Honestly, for me it is. A lot of people are a bit unclear about what is causing the deep dive. Low demand? High fees? Crashing market? It really doesn't matter.
My advice? Pick a few currencies you are sure are backed by a working physical project and buy and store them. The price would most likely pickup due to its utility and would keep rising.
Trade Recommendations : Bitcoin, IOTA, Bitcoin cash
Hodler Recommendations Ethereum, Electroneum, Monero