The crypto market saw mixed prices today, with major cryptocurrencies facing selling pressure. However, there is a shift in investor focus towards altcoins, which has helped the overall market stay in the green.
Bitcoin experienced a 2.08% decline to $40,768.14, with high volatility in recent weeks resulting in an 8% decline over the last 30 days. Ethereum slipped 2.58% to $2,411.01, while BNB retreated 0.73% to $315.34. Solana was down 3.90% to $88.83, and XRP declined by 2.99% to $0.5372.
Cardano dropped 4.38% to $0.4953, Dogecoin drifted 4.43% to $0.08285, and Shiba Inu lost 3.46% trading at $0.000009201.
Pepe Coin Loses 5%
Pepe Coin experienced choppy trading and declined by 5.04% to $0.000001108 as investors shifted focus to safer assets amid market uncertainties.
Manta Network (MANTA) Soars 15%
Manta Network defied the overall trend by gaining 15.33%, reaching $2.57 with a trading volume of $453.73 million in the last 24 hours.
Frax Share (FXS) Adds 3%
Frax Share increased by 3.05%, trading at $9.47 with a trading volume of $51.18 million in the last day.
Hot Take: Investor Focus Shifts Towards Altcoins
The crypto market experienced mixed prices today, with major cryptocurrencies facing selling pressure. However, there is a shift in investor focus towards altcoins, which has helped the overall market stay in the green. Despite recent declines in Bitcoin and other major cryptos, analysts suggest that the crypto market could witness significant long-term growth. As investors explore alternative options beyond the traditional cryptos, altcoins like Pepe Coin, Manta Network (MANTA), and Frax Share (FXS) have shown resilience and potential for gains. This shift in focus indicates a growing interest in diversification within the crypto space.
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