April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/why-did-the-altcoin-prices-suddenly-drop/" data-wpel-link="internal">Why Did the Altcoin Prices Suddenly Drop?</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/unlu-analistten-altin-degerinde-stratejiler-piyasa-duserken-para-kazanmaya-devam-edin" data-wpel-link="internal">Crypto currency</a> market experienced a shocking drop today. Friend.Tech’s new version 2.0 introduces the local token FRIEND, featuring a series of innovative aspects including the <strong>Money Club</strong>. According to DEXscreener, the price of the FRIEND token surged to $169 shortly after starting to trade on Base, but quickly fell to $2.5.</p> 
<h2 style="text-align: justify" id="what-caused-the-drop-in-altcoin">What Caused the Drop in Altcoin?</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/forget-everything-you-know-about-bitcoin-its-reaching-a-new-level-proof-after-proof-from-a-famous-macro-economist/" data-wpel-link="internal">Crypto</a></strong> analysis platform DYOR’s founder Hitesh Malviya stated, “It seems that the price drop occurred in a similar manner to the liquidity issues that happened last week in Renzo,” he said. Liquidity refers to the market’s capacity to meet large buy and sell orders. In a low liquidity environment, a few large orders can significantly affect the market price.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-347395 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/friend.jpg" alt="" width="1158" height="540"></p> 
<p style="text-align: justify">Launched last August, Friend.Tech has drawn attention as a unique platform with a points system that rewards user participation. Operating on <a href="https://en.coin-turk.com/oanda-prepares-to-launch-crypto-trading-services-in-the-uk/" data-wpel-link="internal">Coinbase</a>‘s Ethereum-based Layer-2 <a href="https://en.coin-turk.com/blockchain-ecosystems-attract-increasing-interest-and-liquidity/" data-wpel-link="internal">Blockchain</a>, this platform offers a structure aimed at invited users. The new Money Club feature is designed to facilitate financial discussions and networking. Additionally, a new points system is being introduced.</p> 
<h2 style="text-align: justify" id="increased-activity-on-the-platform">Increased Activity on the Platform</h2> 
<p style="text-align: justify">According to DeFiLlama, at the time of writing, $29.8 million worth of crypto assets were locked on Friend.Tech, which was more than 40% of the peak at the beginning of October. However, activities on the platform significantly increased last month due to the anticipated version 2 launch originally planned for April 20, as well as the FRIEND token airdrop expectation.</p> 
<p style="text-align: justify">Last week, a snapshot was taken for the eagerly awaited 100% FRIEND token airdrop. However, some users reported issues in claiming their airdrops. Crypto analyst and trader Reetika Malik stated on X, “I’m not selling my FRIEND airdrop because I can’t even claim it.”</p> 
<p style="text-align: justify">Malviya also commented on this issue, noting that most users received 10 times less airdrop than expected. Malviya pointed out that a few might have made significant gains, but the rest could be dissatisfied with the airdrop due to the falling prices. According to him, disappointment is quite normal.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/why-did-the-altcoin-prices-suddenly-drop/" data-wpel-link="internal">Why Did the Altcoin Prices Suddenly Drop?</a></h5>

Why Did the Altcoin Prices Suddenly Drop?

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