Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
It's very hard to give general advice on why the alt coin markert drops. What kind of coins are you holding and what are the sizes of your individual positions. When it comes to alt coin trading and investing the biggest factor for me is diversification. I have seen too many promising projects losing 90% of its value, that's why I am not going to put my eggs all in one basket. The largest part of my portfolio is bitcoins, I strongly believe that the most famous crypto coin is going to keep rising. The smallest part of my portfolio are meme coins, here I only invest a few bucks so when they lose value its not really affecting my overall portfolio.