Thank you for explaining this effect in great detail. I still have a ton of Hodl coin from last year and was waiting for it to be worth about 250 satoshi, it was slowly climbing there. And all of a sudden the price just plummeted to something like 50% of the day before. And I could not find anything that was "wrong with it". Oh well, have to wait it out...
RE: Cryptocurrency altcoins and (FOLO) Fear of losing out.