hello dear friend hope you all are fine .
today i just talking with myself about new project of crypto , at launching their projects they promise big and big
but after months or even some projects in a days go down and did not comes up ...
why this happens ?
share your thoughts .
i think mostly because of the influence of the whales (the angel investors) they are mostly in control of the market, they will pump the price to a point where they are comfortable to sell and dump all their bags on others, this whales are usually given huge bonus for their support in the early part of the project, so by the time they dump both the bonus and the actual amount in the market the price will deep and not able to recover quickly.