Post
Topic
Board Altcoin Discussion
Re: Why are altcoins still dropping in price
by
R3ffun
on 30/06/2018, 06:57:20 UTC
Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

Because those altcoins you said are increased huge in the last month. They definitely need a correction whether bitcoin price increases or decreases. Linda increased from 4 satoshis to 93 satoshis, still higher than the initial price. Verge increased from 54 satoshis to 1725 satoshis, still higher than the initial price.
I guess you might have bought from the top and waiting for further increase but I do not think those coins will increase from now on. Every small increase should be a selling opportunity.
when many supporters who withdrew against Altcoin's existing development made Altcoin decline. because support is also very capable of influencing the existing development. so for Altcoin, that experienced decline needs to be controlled and need to increase support.