The recent "swings" in $NOT price chart are raising questions among market participants. Here are the main reasons for such sharp fluctuations:
Speculation and Trading Activity:
Speculative Actions: The cryptocurrency market is known for its volatility. Speculative trades and high liquidity can sharply push prices up or down.
News and Events:
News Impact: News about partnerships, regulatory changes, or project updates can instantly change market sentiment. Reports of hacks often lead to panic selling.
Regulation and Legislation:
Regulatory Changes: Announcements of new laws or regulations can cause sharp price swings. Positive news can push prices up, while bans can crash the market.
Market Manipulation:
Pump and Dump Schemes: The cryptocurrency market is prone to manipulation. Organized groups and actions by large holders (whales) can cause significant price fluctuations.
