Why many altcoins dump in price?

[Delgboke]

I always hear that altcoins is a future currency but how come there's so many of altcoins listed in exchange dump in price, when it has been said that it's a future currency what could be the reason.

[toheed2x]

because of market condition and some shit coins most of ICOs since 2018 have no use case thats why all dump only those survive who's have strong platform behind the scene.

[backfirst77]

Many need money fast and panic so they sell quickly even though the price is down. So it will make the selling volume higher and cause prices to decrease further. If we are able to wait and there is no dump action the price is likely to rise.

[Robiul789]

Actually bitcoin dumped it's 5 times than that's 2017 and Ethereum dumped more than 13 times than that 2017...

[sr.arthur4868]

Because right now, it's time for prices to fall. When viewed from the 4-year cycle of BTC, fair if the current price of all altcoin down. The fall in BTC prices affects all cryptocurrency prices. So even though altcoins are the future currency (although some), but when it's time to go down, everything will go down.

[trauchot]

Altcoins can be killed in price immediately due to various reasons, namely, because bounty hunters are ready to sell their earned tokens for a penny, investors also often kill the price, well, you should not forget that the creators of the project also can merge their tokens in huge amounts.

[MVT$]

When you say future currency, you also focus on the usage and not just on the price. There are alts out there that has been dumped hard but the development and partnerships for mass adoption continues. You can use Litecoin with it partnership with UFC and Dash with its partnerships in Venezuela market for example.

[khufuking]

That is totally not relevant, Bitcoin itself the core of Crypto world still get dump in price that is the nature of Crypto market all coins included in this no coin survive the dumping phase, as long as the coin has a healthy trading volume daily it will be a valuable coin.

[indexx]

Pump-dump is a temporary effect on the market, we cannot determine the future of altcoins by this activity. I think not all altcoins can be future currency. As my understanding, only Bitcoin that has the most potential chance to be future currency.

[vegasus]

I realize that pumping and dumping happen repeatedly on market. I think some people are playing their strategies to get benefits during the decline in the market. Well, it shouldn't come from a little trader, a little investor, or bounty hunters. I believe it comes from whales or big investors.

[arnishad]

You must have detected that the majority of the ICO launches bounty campaigns and that i recognize that after the ICO is complete most of those bounty hunters dump their tokens.
This is the explanation that causes a worth dump within the starting of a token/coin obtaining listed on Associate in Nursing exchange. The potential of a coin is barely best-known when this era when the coin recovers.

[Thegals]

In addition to the downward trend in crypto prices that caused people to sell crypto assets before getting deeper. Because of the panic in the market which caused a large sale transaction.

[Zed0X]

May I ask why you excluded Bitcoins here? Did you consider it as a currency already?

On altcoins dumping, it's just the nature of the cryptocurrency market. Unless it's a stable coin like tether, always expect altcoins to move up and down. However, the volatility does not take away the qualities of altcoins as a currency.

[comer]

there are also shit project that are merging to the market. Dev is the reaponsible of the low price because they are the one selling their coin in the market. sometimes, most of the investors do not notice some coins because of so many token in the market.

[Luckyperson21]

Because they are more concerned with their products or technology to be developed. They are not concerned with the price of their coins. Because they believe that when BTC prices rise, the price of their coins will rise if they have developed their platform/product/technology.