Logo
Cardano Ecosystem

HeraldSheets

11/11/2021

·

379 views


Crypto Prices Today – ADA, DOT, and DOGE Drop Up To 5%

The total cryptocurrency market cap declined by over 2% today, hovering at $2.82 trillion. Meanwhile, the global crypto The post Crypto Prices Today – ADA, DOT, and DOGE Drop Up To 5% appeared first on Herald Sheets.

Crypto Prices Today – ADA, DOT, and DOGE Drop Up To 5%

The total cryptocurrency market cap declined by over 2% today, hovering at $2.82 trillion. Meanwhile, the global crypto volume surged more than 31% to stand at $176.91 billion.


trade now


Top crypto assets faced drops on Thursday as inflation concerns rose, making gold and other currencies attractive. Excluding Solana, nine of the top ten digital coins traded lower during today’s early sessions. Polkadot, Cardano, and Dogecoin lost about 5% each.

The total cryptocurrency market value dropped by over 3% to hover at the $2.82 trillion level. On the other side, the global cryptocurrency market volume increased by more than 31% to $176.9 billion. The crypto market appeared to change the narrative today morning as retracements surfaced. Bitcoin and Ethereum have seen slight dips. Meanwhile, alternative coins followed suit.

After new milestones and another all-time high supported by the United States CPI Inflation stats for October, the asset saw profit-booking by traders. However, the retracements did not appear to bother market participants.

The US leading cryptocurrency exchange, Coinbase, reported around a 30% drop in Q3 trading volume on Tuesday. That was due to declining prices by BTC and other coins and lower volatility across the market.

Tech View

A layer1 ‘smart’ contract network, Fantom, tries to compete in the space dominated by other projects like Solana and Ethereum. Meanwhile, its ERC20 compatibility makes sure clients can buy an ETH-compatible FTM coin. Users can then convert it to a native Fantom compatible asset after initiating transfers to their digital wallet.

FTM has outperformed most tokens in price movements since Fantom Foundation declared a 370 million incentive for developers. That was in August. FTM trades near $2.6, 17X high from August’s lows of $0.15.

Early November sessions had FTM forming an inverse head-shoulder shape before breaching the neckline amid a steep surge towards $3.2. For now, the alt recovers from the overnight retracement, endured as the overall market suffered plummets. Meanwhile, FTM broke multiple local supports on its downward movements.

As FTM invalidated the bullish structure, market players interested in long positions should consider support zones at $2.44, then $2.2. The crypto will likely explore these levels with a looming bearishness. Meanwhile, the RSI bottoming near 30 depicts optimism.

Trade Now
AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on HeraldSheets

ORIGINAL SOURCE

https://heraldsheets.com/crypto-prices-t...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from HeraldSheets

See more
The NAB Becomes The Second Bank To Develop Stablecoins In Australia  | Herald Sheets
HeraldSheets
The NAB Becomes The Second Bank To Develop Stablecoins In Australia  | Herald Sheets

last Saturday at 8:05 PM

·

5 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analyticsWorld’s First Multi-Token ISPO — By Genius X