Ethereum traded around $380 three weeks ago and is now hovering around $200, which is quite a loss in value. Ethereum makes up 44% of the total market cap of a

Ethereum traded around $380 three weeks ago and is now hovering around $200, which is quite a loss in value. Ethereum makes up 44% of the total market cap of altcoins, but does anyone know what percentage of the remaining altcoins are just ERC20 tokens ? My gut tells me those ERC20 tokens are vulnerable to ETH price declines since miners get paid in ETH. A token may lose value, for example, as transaction times start increasing especially during a sell-off. When trading volume goes up but network capacity goes down that can cause even more panic selling. Note, ETH mining is done with GPUs so it is really easy to just mine another currency. Mining CAP is about 7X more profitable than mining ETH at the moment [1]. [1] Coinwarz.com