Most affected by yesterday’s drop 🔻
According to a KuCoin report (October 29), altcoins took a harder hit than Bitcoin:
$ENA fell by more than 15%
$AAVE by more than 11%
ONDO fell by around 11%, LINK by more than 10%, and UNI by more than 9%.
Why do altcoins fall more?
Because they have less liquidity, and when fear sets in, people pull out of them first and move to stablecoins or Bitcoin.
A 15% drop doesn’t automatically mean a coin is “cheap.” Sometimes it keeps falling. The most important thing is to understand why it dropped and determine your risk before considering any entry.
Not financial advice.
Which coin in your portfolio was affected the most? 👇
#BinanceSquare #Altcoins #CryptoMarket
According to a KuCoin report (October 29), altcoins took a harder hit than Bitcoin:
$ENA fell by more than 15%
$AAVE by more than 11%
ONDO fell by around 11%, LINK by more than 10%, and UNI by more than 9%.
Why do altcoins fall more?
Because they have less liquidity, and when fear sets in, people pull out of them first and move to stablecoins or Bitcoin.
A 15% drop doesn’t automatically mean a coin is “cheap.” Sometimes it keeps falling. The most important thing is to understand why it dropped and determine your risk before considering any entry.
Not financial advice.
Which coin in your portfolio was affected the most? 👇
#BinanceSquare #Altcoins #CryptoMarket
