Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: S.coastapps on December 11, 2019, 12:49:08 PM
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The digital token Matic dropped an amazing 70% in just a single hour on December 10, making this probably the severest drop in crypto (https://www.thecoinrepublic.com/tag/crypto/) history. The token crumbled from $0.042 to $0.012 in a flash leaving traders totally bewildered. The dumped sum is generally $60 million as far as the market top.
This monstrous drop was to some degree sudden in light of the fact that Matic had been performing very well preceding the drop. It was up 180% over a range of about fourteen days before the drop. The emotional drop left the online life stage, Twitter in a craze with individuals scrutinizing the administration or thinking about whether it was an inside activity.
Source: TheCoinRepublic (https://www.thecoinrepublic.com/why-matic-drops-by-a-shocking-70-in-one-hour/)