Many cryptocurrency investors and enthusiasts have been wondering what exactly would happen if there was a global market meltdown in the cryptocurrency markets, well actually these sorts of things have been happening for a long time now, tons of cryptocurrency meltdowns and FOMO’d events have been happening across the markets for a very long time and hence have given us a lot of good indicators as what will happen.
First, prices will crash and will cause a lot of panic
Prices in the Bitcoin, Litecoin and Ethereum markets declined drastically during the numerous Korea fuds on Binance coins that happened in 2017 when the Bitcoin and Crypto markets have been pushing through the sky in terms of valuation. When this occurs, this tends to cause a panic that causes prices to suddenly dump and crash, leading to the events like the Korea FUD, the Hong Kong FUD and the Bogdanoff Affair that led to huge price crashes in a single day, due to the nature of cryptocurrencies the sudden drop in prices caused a massive panic that shook the cryptocurrency market that cost millions to thousands of consumers and investors alike.
Second, prices will begin to recover due to the lowered price increasing demand and will draw investors in
Prices will begin to recover as the demand of the cryptocurrency will soar as the increasing demand in correspondence with the lowered price causes investors to start piling into the market. The ever-increasing valuation of the cryptocurrency causes the cryptocurrency to regain the lost momentum and surge forward.
Third, long term the coin either reveals itself to be a bubble or a legitimate product
The coin either shows itself to be a bubble or a real coin, nothing else will need to be said after this.