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industry face 20 billion lose as the price was drop drastically.
but according to the whales its all was planned this was shame happpened in 2014 when the cryptomarket was goes down very quickly but its rise again in few days .
according to the whales bitcoin see a huge downfall as low as $3k if its has enough selling pressure.

WHY THE EOS FAILS?
The decline in the price of EOS can be attributable to a wide array of factors but in summation.

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the major reasons behind the huge EOS drop be can came in two main components:

Abnormally large rally prior and after the mainnet launch
Controversy in EOS constitution and centralization
The Well Performing Tokens And Cryptocurrency Are Also Falling by Large Margins
The major cryptocurrencies in the market Through out April, May, Cryptocurrency and tokens such as ICON, and 0x and cryptocurrency such as bitcoin, Ethereum, and almost all . Even these tokens that have recorded 50 to 100 percent gains in the past two to three months, have fallen by large margins.

IF BTC FAILS TO RISE ALL THE TOKENS ARE FAIL AND THEN THE FUTURE OF CRYPTOCURRENCY ARE IN DANGER