brief
- The cryptocurrency market is down 11% in the last 24 hours.
- Avalanche, Apcoin, Shiba Inu and Solana are among the coins and tokens that have suffered major losses in the past.
It’s again a lot of bloodshed across the board in the crypto market today, led by Earth (Luna) and its 97% drop after its fall Paired UST stablecoin,
No other coin has suffered as much damage as LUNA, but major coins and tokens like Avalanche, apcoin, solana, Shiba InuAnd cardano All have seen massive, double-digit percentage declines over the past day.
Avalanche (AVX) is one of the day’s biggest losers, down 34% below $32, per data CoinMarketCap, It fell further this morning to below $28 – the lowest since August 2021.
It is not the only major altcoin suffering today. Solana (SOL) is down 26% over the past 24 hours to currently hover around $52. It fell below $50 earlier today, similarly for the first time since last August.
At the time of writing, Cardano (ADA) is down 16% to $0.56, last seen in February 2021. Meanwhile, Polkadot (DOT) is down almost 24% over the past day to around $9, a low not seen since January 2021. ,
Meme coins and tokens—already volatile—are still sinking hard today, with the Shiba Inu (SHIB) down 27% over the past day. It is currently sitting at $0.00001241, a new seven-month low. And dogecoin (DOGE) fell 23% to $0.087 after hitting today’s 13-month low.
ApeCoin (APE), a token designed for development Bored Ape Yacht Club The ecosystem was falling sharply, losing 37% of its value over the past 24 hours to its current price of around $5.90. It is now down 85% from its peak of $39.40 since its launch in March.
major metaverse gaming tokens for sandbox (sand) and Decentraland (MANA) – after the last fall in both hot demand Facebook unveils its Metaverse plan– Having a hard day too. SAND fell more than 28% to $1.32, while MANA fell by the same percentage to $0.85. Both coins have lost most of the value they gained since last October.
Overall, the crypto market is down 11% in the last 24 hours, along with the major cryptos Bitcoin 6% drop at current prices just below $29,900. Ethereumleading platform for NFT And decentralized apps (dapps), fell nearly 8% to around $2,180.
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