Study Shows Reasons Why Bitcoin, Ethereum, Dogecoin, Shiba Inu Plummet From Their All-Time Highs
A new study sheds light on the common phenomenon of cryptocurrency tokens experiencing sharp price declines after achieving all-time highs.
The research identifies key factors contributing to both the rise and subsequent fall of popular digital assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).
According to the study, profit-taking, declining interest, regulatory changes, and speculative hype are the primary reasons for post-ATH downturns.
Another key factor are exchange listings: for instance, Solana (CRYPTO: SOL) hit $260 in November 2021 after being listed on Binance, significantly increasing its visibility.
Social media influence also drives price spikes.
Dogecoin surged to $0.73 in May 2021, fueled by viral support from figures like Elon …
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