Have you noticed whether all old cryptocurrencies went through ∧ shape in price?
Will all cryptocurrencies have gone thru this and let people make big profit?
Thats a pump and dump shape which happen all the time especially on a short time frame but if you look at the bigger frame we are able to bounce back and rise again from the down trend.
Every cryptocurrency experience this, theres a time when there hit the peak and goes down again to meet the new support level, well this is a volatile market and we have to ride every wave to make profit.