cryptonex goes down from 5 usd to 2 usd and bytecoin is playing with 0.0030 to 0.0015.
That's how volatile altcoins are, once Bitcoin goes down most of them gets affected too because all altcoins are traded with Bitcoin. This is happening for several months now after Bitcoin gains a 5-10% increase it dips down causing altcoins to suffer.
If you only bought Bitcoin instead of these altcoins you could've avoided a 50%+ loss.
I asked cnx support team about the rate up-down and they said it depends on floating. Can anyone suggest me how the rate of these type of coins up-down?
You already asked this on
another thread. The quora linked by jossiel was helpful.
If you still can't understand how altcoins go up and down here's a simpler explanation.
When an altcoin goes down it means that there are more people selling than buying and vice versa(more people buying and less selling) when it goes up.