Curve DAO, Solana, FTX falls drastically

Crypto Prices Today:

After having 3 days of trading positively the Crypto prices seems to be getting in the sluggish zone again. All the major coins have been trading in the red. Curve DAO Token is trading low by 7.78%. Solana is down by 6.27% in the last 24 hours. FTX fell by 5.52%. The two largest cryptocurrencies Bitcoin and Ethereum had a setback of 2.10% and 3.56% respectively.

The crypto prices has been down this month following the collapse of a major exchange FTX. However, the market started seeing some signs of recovery as coins started trading on the green by Thursday. The crypto market has sharply fallen by 2.61% in the last 24 hours. Its global market cap is $819.87 billion.

The Biggest Losers As The Market Go Down

Huobi Token has dipped by approximately 11% with the price of each token at $6.45, thus, recording a huge loss.

The sports token Chiliz is also down by 6.93% despite the football world cup going on. Litecoin is downwards by 6.63% and stands at $71.68.

Dogecoin, which got a double-digit pump on Black Friday is also down by approximately 3%. The sports token, ARG has taken a massive dip of 14.49%, despite the ongoing FIFA World Cup. The sports token were predicted to get a boom as Crypto.com is the official sponsor. Nevertheless, it seems that the sports token are not having benefits.

Coins Trading In Green

There are a few coins that are trading in the green. The crypto token Celo is up by 15.53%, making it the biggest gainer in the last 24 hours, and is at $0.649. ApeCoin is second on the list with a jump of 3.67%. Neutrino USD is up by 2.27%, with each coin at $0.9397.

Reasons for the fall

The ongoing lockdown in China amidst the outbreak of Covid 19 has lead to a huge protest in the country. The tremors from China is shaking the global economy, affecting the Crypto prices as well.

Shourya is a crypto fanatic who has developed interest in Business Journalism in the past few years. Currently, working as a writer with Coingape, Shourya is also an avid reader. Apart from writing, you can find her attending poetry shows, exploring cafes and watching cricket. As she says, “dogs are my home,” her first rescue of a dog was at the age of 7! She has constantly been speaking up for mental health and the rainbow pride.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.