Altcoins Crashing:
Reason panic selling + whales greed.
Greed will always result in loss, taking baby steps by setting a target can result into confidence building. Making task easier for intra-day trader, most whales manipulate trustworthy market like WCT as everyone knows the credibility, services and importance WalletConnect brings to everyone.
Just a Crash or Rugpull:
What's next? $WCT might have crashed but has a higher chances of gains and will stay bullish for next 2-3 months, a trustworthy coin never dumps to new bottom after 3 lows, avoids breaking the value of issued price.
However, for a long-term investor, WCT coin is an opportunity for whales as well, it primarily focuses on connecting dApps and decentralized tokens to whales financial institutions, that can help the team scaling it's network bringing huge transactions.
To do lists:
1. Always read articles related to crypto analysts instead of market trends that can fool majority easily.
2. Make sure don't panic sell.
3. Take a deep look at "trading data" section and analyse the sentiment of whales holder.
4. Being critique to any coin is easy, but the long term analysis and whitepaper studies can make you a tough competitor.
In the end, always chin-up yourself and never get disappointed too early, these are never the signs of strong traders.
Thank you! Have a good day everyone.