Cryptocurrency Market Struggles – The cryptocurrency market is showing no signs of recovery after five days of consecutive drops. Prices for XRP, Dogecoin, Cardano, and other tokens recorded additional losses. At the time of writing, XRP had fallen 3.98%, DOGE 2.62%, and ADA 1.37%.
Shiba Inu also decreased by 3.61%, Litecoin by 3.68%, and Solana by 1.80%. However, Toncoin had an increase of 5.22%. The global crypto market capitalization was valued at $806.29 trillion, a decrease of 0.61%. The 24-hour crypto market volume was $22.74 billion, a 7.72% drop.
XRP – Currently the XRP market capitalization stands at $34.598 million, with a 22.75% increase in trading volume over the last 24 hours. Each XRP token is trading for 0.3407 USD.
Dogecoin (DOGE) – Dogecoin has a market capitalization of 10,964 million USD. One DOGE token is going for 0.07764 USD and the trading volume has seen a 19.46% decrease over the past 24 hours.
Cardano (ADA) – ADA’s current price is $0.2646 and its market capitalization stands at $9.874 billion. Trading volume for ADA has decreased by 40.27% in the last day.
Toncoin (TON) – TON has risen 5.22% in the last 24 hours. The token is trading for $2.69 and the market capitalization is 3.381 trillion dollars. Trading volume for TON has dropped 19.75%.
Conclusion – The crypto market has experienced some major changes in the past year, with two major crashes. Analysts were expecting the market to enter a bull phase by the end of the year, but the current situation is very different.
Shourya is a crypto enthusiast who recently got into business journalism. Writing for CoinGape, Shourya is also an avid reader. In addition to her writing, you can find her at poetry shows, in cafes, or watching cricket. According to her, “dogs are my home”, as her first rescue dog was adopted when she was 7 years old! Shourya is a tireless advocate for mental health and rainbow pride.
This content may contain the author’s personal opinion and is subjected to market conditions. Before investing in cryptocurrency, research the market thoroughly. The author or publication is not responsible for any financial losses.