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.
That is just how it is, the cryptocurrency market is volatile. Especially all these altcoins; whenever they are about to drop,their drop in price is usually too much. They are not like Bitcoin which has a really big market cap and can be able to stay a bit stable and not drop too much or lose much value.
So, I am guessing that the altcoins you have selected are losing too much value, and that’s why your portfolio is like that. If you take your time to go through all the coins that you have invested in, and look at how much they have lost in value, you would see that what is being shown on your portfolio is correct. The coins you have selected might not have been that good, that’s why you have to be careful when you are selecting altcoins in the market, make sure that you’re selecting the good ones or from the top of the list.