The crypto winter remains unyielding, but we’re noticing signs that the severity of the market crash is gradually easing.
Despite Bitcoin still being in the negative, its value has only dipped by a marginal 0.16% over the last day’s trading. Currently, it’s hovering around the $20k level. $21,041.12 It hasn’t yet dipped below $20,000. In fact, throughout much of the day, it found itself in a favorable position before just recently experiencing a slight decrease.
In a similar fashion, Ethereum’s ether is also seeing a negligible drop of 0.12%, currently trading at a stable price. $1,113.05 .
On a brighter note, Binance’s BNB has climbed up by 1.94%, Cardano’s ADA has risen by 2.20%, and XRP has increased by 2.11%. Solana stands out with an impressive surge of 9.23%, while Dogecoin has climbed by 5.32%. Additionally, there have been remarkable gains exceeding 10%, including Elrond EGLD at 14.09%, Helium HNT at 11.39%, Tron at 10.43%, Uniswap UNI at 10.31%, and Arweave AR rising by 10.18%.
The majority of cryptocurrencies associated with NFTs are also performing notably better. Flow has seen a slight uptick of 0.88%, while other popular coins in the metaverse are thriving even more. Decentraland’s MANA is up by 4.09%, Tezos has risen by 1.59%, Theta Network THETA has gained 5.50%, The Sandbox’s SAND is up by 3.06%, and ApeCoin APE maintains a robust growth at 7.54%. With the ongoing rise of metaverse cryptocurrencies, the Metaverse Index MVI is also benefiting, trading at $34.93, witnessing a 4.68% increase.
It’s evident that the crypto winter is still underway, and many might be feeling anxious about their investments, anxiously monitoring fluctuating prices. However, it’s important to remember that seasons change, and just as winter inevitably gives way to spring, so too will the crypto market find its balance again. how to survive a crypto winter The prolonged crypto winter is resulting in layoffs across the industry.
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Disclaimer
In line with the Trust Project guidelines Karolina is an experienced writer and journalist who has a deep appreciation for literature. She’s fascinated by innovative tech and artistic expressions, with NFTs embodying both passions beautifully. When she’s not writing, she enjoys nurturing her houseplants, exploring vintage fashion, and indulging in gaming.
