what causes the price of altcoin down?

[maiden]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Altcoins are not totally cheap, we can see that the price is cheap but some of us dont know that altcoins value became cheap because the depend on bitcoin value, if bitcoin is in low price, altcoins tend to become low value too.
Yes if the market is down, specially bitcoin has a low value, its a good time to buy and to invest then wait for the future value of them

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[axemelada]

The market cannot be permanent. That's not a tattoo. Paid-and walk all my life. Cyclicity - normal components of any market. Now the downtrend. A year ago-was ascending.

[powerman24]

The whole market is declining together with altcoins which are declining even faster than BTC. This is why Bitcoin
gaining market share over 50%. Many investors selling altcoins and buying BTC.

[aggeyysido]

The popularity of bitcoin in black market transactions. The turnover of funds is huge, in this regard, everyone wants a reliable cryptocurrency.

[pisomiko]

I have joined numerous airdrops a couple of months back, yet have nothing, it was a total exercise in futility and exertion. From that point forward I haven't been joining any airdrops. The vast majority of these airdrops coins are a trick, just a couple of them are a genuine ones, by taking an interest in these genuine ones you would get just a couple of coins, which would be very little esteem.

[WilliamAnderson235]

The crypto market is very sensitive to all kind of news, but especially to bad news. Whenever there is negative news about bitcoin, usually or all the time, the market reacts with it and it will greatly affect the price.

[Bledlert]

Supply and demand affect the price . if the demand is very low and the price decreases, if the demand is high then the price starts to grow

[dizzy1996]

Such a rapid drop in altcoins can be associated with a drop in demand for crypto currency in general, if we consider each token separately, the problem is that the project does not fulfill its planned plans. This may not be the release of the product, low activity and many other accompanying reasons

[mikhailkudig]

The decline in the price of altcoin in the first place led to a drop in the price of bitcoin. Since altcoin is a fairly young currency, they largely depend on the rise and fall of the price of the most popular cryptocurrency.

[policeoo]

When Bitcoin goes up everything else goes down. It is simple as that. If Bitcoin is rising, every other altcoin goes down. If everybody is just selling and selling their assets, prices go down. people are irritated by this long term waiting and low prices and they are selling a lot lately....

[RedzoneASE]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Well I think the market dictates this one. The people right now is maintaining momentum for a huge pump again in the end of the year. If the last year will repeat then I am sure that many will become rich again.

[handini]

Such a rapid drop in altcoins can be associated with a drop in demand for crypto currency in general, if we consider each token separately, the problem is that the project does not fulfill its planned plans. This may not be the release of the product, low activity and many other accompanying reasons

The news about the United States Securities and Exchange Commission (SEC) investigating the Bitcoin and other cryptocurrency exchanges, is the cause of falling Bitcoin prices.

[3x1t]

Their dependence from the BTC's price is the main reason I consider. Other reasons are not so significant and I am sure that BTC is the only one danger for the whole crypto market that can be really important in the case of possible falling ot being stagnant in the future.

[kjn311]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I believe that the price of most of the altcoins on the market directly depends on the status and cost of the BTC. The stronger the BTC falls, the more altcoins are lowered. Therefore, now you just need to be patient and wait for the BTC to be restored - I'm sure that there are all the chances for this

[smoker36]

This is a normal situation when during the fall of the market the price of coins is decreasing. After all, most people are negatively perceiving emerging news, so they prefer to take their money from the market crypto. Simply sell their coins, which negatively affects the prices.

[ligerti]

After a prolonged fall of the crypto market, many coin holders decided to refuse from them. Naturally, this provoked an active decline in prices. Also, its impact on the overall situation was caused by the fall of BTC prices. But I believe that such a situation is temporary, as the market regains new investors will come to it.

[Defimwh]

not all altcoins are down, but it is likely that the project's progress is unclear and investors are no longer trusting and then selling it

[Kittygalore]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Maybe it is about the bitcoin. If bitcoin falls the other coins or the altcoins also falls. Bitcoin affects the other coins. People still believes that bitcoin is something where you can fully trust and if bitcoin is not in gold state they do not want to be in crypto market.

[cryptosuotor]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Sometimes is because of the increase in supply of bitcoin, ethereum and bitcoin cash,another could be when bitcoin price is low there is the tendency for every other altcoin to drop down so those reasons can cause altcoin to drop down.

[Yorkshire]

The market was really down but at the present time it is managing to recover mechanically. Over the time I heard or read that some guys sold off their investments in massive quantity and there was failure in one of the big shot exchange platform. At my end here, some of my friends sold off their coins because they read that Ethereum was being hacked. So that they won’t loss their coins to the hacking meanwhile what happened was that the platform was undergoing some upgrading of the site. So panicking has contributed to the downward market. I pray the market recovers soon and strong