Waking nightmare for cryptocurrencies
Unfortunately, if the day started badly for cryptocurrencies, it will also end badly. These are going through a horrible time with drops of more than 20% for many altcoins! The survivors are very few in number, but it is still worth mentioning them. After all, some analysts consider them to be those with the greatest potential.
As for the declines, there are too many to list them all, but it is impossible not to mention PENGU, the same coin that has recently landed on Binance. This is the worst decline of the top 100 crypto with a retracement of 25.07%. Then, we find a little bit of everything but everything is in the red with the LDO, the BONK or even INJ which suffered a colossal fall of approximately 20%.
If at first, the same coins were in the worst shape, they were quickly joined by cryptocurrencies that were nevertheless promising. Not many people escaped the drop, and as mentioned above, no category really escaped the problem: native layer-1, layer-2 blockchain tokens, meme coins, AI cryptos or even Gaming cryptos, everyone went there.
Here is the “good” news of the day
Despite everything, even if the bad news wins hands down, a few altcoins provide us with certainty. Movement (MOVE) in particular managed to be positive this Black Thursday. The increase is even 9.84% with an exchange price of $0.71. Even if he has experienced some shock during the day, he manages to defend himself as best he can.
In his wake, not many people, with chips flirting with the negative. We will especially remember the BGB of Bitget, which even managed to obtain a new ATH before falling slightly. However, the latter will have avoided the decline and will therefore remain one of the good news of the day.
Finally, Mantle (MNT) and Mantra (OM) received support from buyers. Even if their price has fallen somewhat, we are very far from the catastrophe experienced by the rest of the cryptocurrencies.
Moral of the story: When the day is going bad, sometimes it’s better to go to bed.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
