Radix (XRD) is a blockchain platform that facilitates decentralized finance (DeFi) applications. Despite being one of the pioneers in this field, its native token, XRD, has experienced an 11% loss in the past 24 hours, along with the general decline of the altcoin market. However, Radix has shown signs of recovery in June, with a 7% gain in the last 30 days. Despite this recent bullish run, the token has experienced a price recorrection, losing nearly 11% of its value in the past day. The current trading price of XRD is $0.076715, with a market cap of $775.4 million. CoinCodex predicts a 31% rise for Radix in the next month.
The altcoin market as a whole is also experiencing a slight decline, with most tokens recording losses in the past 24 hours. BNB, XRP, ADA, and DOGE are among the top 10 cryptocurrencies that have seen a decrease in value. The altcoin market cap currently stands at around $321 billion, representing a 2% drop in the last day. Compared to Bitcoin, altcoins are 20% below their April high, indicating a higher risk-reward ratio. However, some major tokens like Stellar (XLM) and Kaspa (KAS) have performed well, with gains of 5% and 3.5% respectively.
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