Selling Pressure and Profit Taking: After the previous rise, some investors (especially whales) may sell their shares to realize profits, increasing selling pressure on the currency.
• General Market Volatility: Cryptocurrencies experience continuous fluctuations; a decline in market sentiment or a decrease in overall demand can negatively impact the price of GPS.
• Decreased Liquidity: During certain periods, trading volume may be relatively low, making the currency more susceptible to large fluctuations when significant sell-offs occur.
• Negative News or Forecasts: News reports or regulatory or technical concerns related to the project may affect investor confidence, prompting them to sell.
It is important to follow market analyses and news related to the project to understand the full context behind these price movements.