what causes the price of altcoin down?

[bittick]

We can't tell for sure; but just basic law of demand and supply; a coin without a major use would surely dump for sure

and that demand is affected by so many factors out there including regulation, good news and many more. The bitcoin dominance is now rising at its peak that making other coin weakened.
That also means that the money is flowing from altcoins to bitcoin as it seems people dont want to miss the opportunity of riding bitcoin pump train but thats just my guess.

[Cryptokeke]

The big factor for the altcoin to go down in price is because of the down on ethereum and bitcoin, this 2 big coins are the most factors that will affect the pricing of cryptocurrency market

[ChaoChibai]

As far i know because of etf has been rejected and of course it's the right rime for us to buy altcoin because i stil believe in the end of the year altcoin price will rise again like last year but it can't be higher than previous year

[Bitcoincole]

Well, I think it is because bitcoin price is low and all other altcoin depends on it so when the price goes high altcoin price also increase. Same goes when the price goes down,too. Based on record, bitcoin price really affects the price of all other coins in the digital market.

[Specialforce]

The main reason why the altcoin goes down is becaude of the bitcoin because the bitcoin is the backbone of all altcoins out there so whenever the bitcoin it also affect the altcoins as well

[rynanosih21]

In my opinion, the price of Cryptocurrency has dropped because many are not interested in buying Cryptocurrency.
At present, the Cryptocurrency market is experiencing a decline in prices and the market is not healthy.
There are many people who leave Cryptocurrency including investors.
The world of Cryptocurrency can develop well because there are investors who buy coins and there are now many scams that cause investors to be reluctant to conduct transactions in the Cryptocurrency market.

[arpaul]

The price of altcoins are heavily dependent of the prices of BTC and as we know the price of BTC recently experimented a bubble and a crash so it is natural the prices of almost all altcoins to go down, but there is nothing to worry about, the price will recover but like always the problem is we do not know when that is going to happen and our only option is to hold until that day.

[Mytoken]

Objectively, I think that there are too many altcoins now, which may affect the growth of Bitcoin, so Bitcoin has something to break the altcoin. This is my point of view.

[AshdiD22]

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

The crypto market is very flexible, even for all the news, especially for bad news.
We have some bad news in the last week, and without you knowing it has a direct effect on the market, because it causes market unrest.

The prices of all altcoins are somehow tied to either ETH and BTC. So when Bitcoin price drops, every coin follows suit, unless it's a rare exception.

[iqlimasyadiqa]

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

The crypto market is very flexible, even for all the news, especially for bad news.
We have some bad news in the last week, and without you knowing it has a direct effect on the market, because it causes market unrest.

The prices of all altcoins are somehow tied to either ETH and BTC. So when Bitcoin price drops, every coin follows suit, unless it's a rare exception.

Every time there will definitely be price movements. The digital currency market is a very difficult thing to predict, so what we can do is try to do the best analysis possible. Altcoin and Bitcoin prices will always change and this is a characteristic that is owned by digital currencies.

[Xkaliber]

The main reason why the altcoin goes down is becaude of the bitcoin because the bitcoin is the backbone of all altcoins out there so whenever the bitcoin it also affect the altcoins as well

Your opinion seems to have a point as well and of course the price of bitcoin also affects the price of altcoin,
so you could say if the price of bitcoin goes up then the altcoin price will also go up and vice versa too,
so we hope that in the near future the price of bitcoin can rise even though it only rises little by little

[hoangthuphuong10]

It's been no secret that altcoins aren't performing well at the moment, even while Bitcoin continues to show strength. So why are altcoins really down and when will altcoins rise again? Plus a bitcoin update and a cryptocurrency market update.

[farland7]

The majority of altcoins are affected by the value of Bitcoin. You could see this trend when Bitcoin started to drop rapidly. Next to drop were Ethereum and other altcoins.

[laptevnikita]

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

[kak uli]

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

in my opinion, cheap altcoin prices are also very influential with the decline in bitcoin prices. and the cause of the frequent decline in the price of digital currencies is also caused by negative issues affecting the altcoin.

[anchuoinhhoc]

cause altcoin down current market position is virtual money too precarious following the trend go down should of course copper coin also will reduce. When would the electronic markets tend to go up, it will only increase it is necessary

[defyance]

The main reason that alcoins do not grow is the bear market today. I think that we need to have patience and wait for the reversal of the entire crypto currency market.

[ternyabin]

The main reason that alcoins do not grow is the bear market today. I think that we need to have patience and wait for the reversal of the entire crypto currency market.

Usually growth happens in those moments when no one expects it. I think that this is useful to think about. The most important thing is not to miss the beginning of growth.

[YoutubeChannel007]

People not investing and not trusting alt coins much is also a reason.

[robaya]

yes this is the crypto market, everyone must understand that because when crypto is exposed to a little bad news it can affect market conditions. coupled with people who panicked to sell their assets, this made the condition worse.