In my opinion, crypto manipulation is at its finest, hence we see the extreme volatility in day to day timeframe
the absence of regulation and very small market cap (globally) makes it very easy for big players to control price by using dirty techniques which are not allowed in regulated market (insider trading, wash trading, orchestrated pump & dump, and so on). Let's pray at least regulation drafts to eliminate bad actors and protect small retail investors kicks in late in this year.