The fear and greed index recently hit its lowest level in months, signaling a shift towards fear in the market. Amid this downturn, it’s essential to examine which cryptocurrencies are gaining and losing value.
Today, the global market cap plunged to $2.31 trillion, marking a significant 5.35% decline. Despite a 2.43% decrease in overall trading volume, Bitcoin dominance remains high. These indicators confirm the market downturn and highlight the top crypto gainers and losers of the day. While some new cryptocurrencies have shown impressive performance during this market fall, others have experienced notable declines and value loss. Skilled investors recognize the opportunity to capitalize on these fluctuations to optimize their investments.
Crypto Market Crash: Winners and Losers
Today’s crypto market heatmap paints a bleak picture, with most cryptocurrencies displaying red, indicating losses. However, a handful of cryptocurrencies have managed to weather the storm, standing out as exceptions.
In the top crypto gainers category, CORE, OKB, and LEO have defied the market trend, showing positive gains amidst the widespread downturn. On the flip side, the top crypto losers include CKB, WIF, and BONK, which have experienced significant losses amid the market crash.
Top Crypto Gainers and Losers Amid Market Turmoil
Top Gainers:
1. Core (CORE): Despite the challenging market conditions, Core has emerged as the top-performing cryptocurrency. Within just 24 hours, the CORE token surged by an impressive 29%, reaching a value of $2.31. Earlier in the day, it peaked at $2.8203, marking its highest point of the week. Additionally, its market cap surged by 28.24% to $2,030,390,745, accompanied by a remarkable 188.28% increase in trading volume, which soared to $697,290,589.
2. OKB (OKB): OKB experienced a notable surge of 7.18% within a day, reaching a value of $59.41. Although not its peak for the day, earlier it had spiked to a week-high of $61.67. Despite the market downturn, OKB maintained robust transaction levels, with trading volume reaching $49,247,952 after an impressive 350.46% hike.
3. UNUS SED LEO (LEO): UNUS SED Leo demonstrated resilience in the market turmoil, registering a 0.24% increase in just 24 hours, bringing its value to $5.90. Its market cap surged by 9.26% to $5,460,588,854, although its trading volume experienced a slight decline to $2,040,696.
Top Losers:
1. Nervos Network (CKB): Nervos Network faced a continuous downward trend, with its price plummeting by 18.82% over 24 hours to $0.02219. Its market cap also dropped by 18.88%, standing at $975,613,495, while trading volume decreased by 21.32% to $111,520,268.
2. dogwifhat (WIF): After months of surging prices, dogwifhat transitioned from being a gainer to a top loser, experiencing a 15.28% decline in a day and a 34.83% drop for the week. It is currently trading at $2.57, with its market cap and trading volume both decreasing by 15% and 19.59%, respectively.
3. Bonk (BONK): BONK, which previously trended positively, has faced a significant downtrend, with its price falling by 15.83% in the last 24 hours. Trading at $0.00001412, its market cap declined by 15.86%, while trading volume surged by nearly 10% to $146,401,041 despite the price drop.
In Summary
The recent crypto market downturn has highlighted the severity of the situation, with only a handful of cryptocurrencies managing to maintain positive momentum. Many analysts view this decline as part of a correction phase, possibly linked to the upcoming Bitcoin halving event, which typically precedes a bullish market trend.
Moreover, the crypto fear and greed index has shown a decrease in sentiment, shifting from an extreme greed zone to a less intense greed zone, currently standing at 60 points. This shift indicates a shift in market sentiment and suggests uncertainty about the future direction of the market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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