Cryptocurrencylistings Financial Update: Cryptocurrencies Dipping Again
Cryptocurrency prices continue to plummet .
In just a day, Bitcoin's value has dropped by almost a thousand dollars, now sitting at $19,188.30 with a decrease of 4.45%.
Ethereum's ether has faced an even steeper decline. Its price has plummeted by another 7.47%, currently trading at $1,028.79 and hovering just above the $1,000 threshold.
The prices of Binance's BNB, XRP, Cardano's ADA, and Solana SOL have all fallen. BNB has decreased by 3.48%, XRP by 4.78%, ADA by 4.55%, and SOL by 6.85%. Notably, TerraClassicUSD USTC, the Terra stablecoin, has struggled to maintain stability since May. Although it surged by 517.01% in the last week, it has now dropped by 30%, trading at a meager $0.05. Polygon's MATIC, Zcash ZEC, and Stacks STX also reported price declines of 18.18%, 10.22%, and 10.17%, respectively.
Decentraland's MANA has surpassed Flow to become the leading metaverse coin by market cap. MANA's value has dipped by 6.75%, while Flow's has decreased by 9.77%. Unfortunately, other cryptocurrencies tied to NFTs are not faring much better. ApeCoin APE is down by 0.06%, The Sandbox's SAND by 5.12%, and Tezos XTZ by 7.73%.
The plummeting values of metaverse cryptocurrencies are paralleling a significant drop in trading volume, which has fallen by 15.61%, along with a decrease in market cap by 6.44%. The Metaverse Index has similarly declined by 8.51%, now trading at just $35.46.
Read related posts:
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