I guess so. HBD reward off and the price came down. Believe it or not money is always the driving factor and most possibly that's reason here also.
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No doubt, we all love capital in this capitalist society. Without any doubt, there are factors as well, but it's not a social media platform: for some laughter, or conversation. So, money is the primary driving force.
I am a practical person, and from my perspective, it's the most powerful driving force.