2Mon·

Crypto capital

$BTC (+0.28%)
$ETH (-0.16%)
$XRP (-0.76%) ... capital is currently flowing into other (alt)coins here $PERP (-2.61%) $origin protocol $chainlink $YFI (-0.48%)
$EOS (-0.81%) ...or just normal fluctuations 🤔 can't quite put my finger on it right now...hm

Is there a tool / source where you can classify this?

I know far too little about cryptocurrencies, but the post itself should give that away 🙋‍♂️😬

7 Comments

Brixxi@Brixxi13

2Mon

This is not a fluctuation but quite normal

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Ph1l1pp@Ph1l1pp

2Mon

smaller mcap -> less liquidity needed to pump illiquid coins. Especially if they are heavily shorted

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Pedi@Pedi

2Mon

With the exception of stablecoins, cryptocurrencies are generally highly volatile asset classes with a corresponding level of risk. From an economic and financial market perspective, their prices are predominantly based on supply and demand as well as acceptance in markets, countries and among users. Accordingly, strong price fluctuations, sometimes in the double-digit percentage range, are not uncommon. Many cryptocurrencies correlate quite strongly with each other. This means that when one goes down, the other usually goes down too and vice versa. It is very strongly influenced by news etc. than other assets. News is therefore the most important thing for you.

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