2024

Coin

<ul class="news-points">
 <li>Ash Crypto states that the absence of a compelling theme has contributed to the recent downturn.</li>
 <li>He maintains that excessive greed historically precedes market corrections.</li>
 <li>The analyst added that altcoin resurgence hinges on Ethereum’s performance.</li>
</ul>
Prominent cryptocurrency analyst and trader Ash Crypto has offered insights into the factors contributing to the recent flash crash experienced by altcoins. Over the past intraday sessions, several large-capped altcoins have dropped significantly in value despite Bitcoin’s relatively smaller 3% market correction. The crypto trader pointed to the lack of a new narrative, Ether ETF trading delay, and market greed as key catalysts for the dump.
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 Why Are Altcoins Dumping? &nbsp; In the past 24 hours, several large caps have dumped 15%–20% despite BTC's 3% corrections. &nbsp; Here are some reasons behind the alts flash crash <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> &nbsp; 1) No narrative &nbsp; In Q1, memecoins pumped because of presale hype. &nbsp; In Q2, RWA coins pumped because… <a href="https://t.co/zJK7v1taxh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zJK7v1taxh</a>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1802996903384162791?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 18, 2024</a>
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Presale excitement in Q1 2024 sparked a surge in meme coins, followed by a rally in Real World Assets (RWA) in the second quarter,…
The post <a href="https://coinedition.com/crypto-market-volatility-whats-driving-the-recent-altcoin-crash/" rel="noopener noreferrer nofollow">Crypto Market Volatility: What’s Driving the Recent Altcoin Crash?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market Volatility: What’s Driving the Recent Altcoin Crash?

Coin Edition

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