Can anyone explain the big drop on these coins?

[Fantum]

Recently swarm city token, lynyr, databits, all dropped about 50%. Databits just had a token burn, it should have gone up right? Swt just had a new release it should go up right? Please can anyone explain? Is it just bitcoin getting segwit and everyone is dumping?

[justone123]

It's usually like that. People who know about the event buy beforehand and until the launch or similar event the price keeps rising and is the highest on the day of the release, and then those who bought before, they did it with intention to dump on the release because at that time the price is the highest.

This goes for Swarm City, yeah i burnt myself on that one as well lol. I sold the Databits at the highest point, and kept a minority that i'll just continue to hodl.

[cryptonx]

Recently swarm city token, lynyr, databits, all dropped about 50%. Databits just had a token burn, it should have gone up right? Swt just had a new release it should go up right? Please can anyone explain? Is it just bitcoin getting segwit and everyone is dumping?

when you trade on altcoins , you should predict the BTC/USD too
because when BTC price is growing up,, others coin will be down in red,,