Logo
Cardano Ecosystem

Finbold

09/11/2023

·

169 views


The crypto market is bearish, but these 2 tokens are still outperforming

Amid a tough day with the cryptocurrency market down on September 11, the last 30 days were also marked by a bearish sentiment and poor price performance for most cryptocurrencies.  However, two digital...

The crypto market is bearish, but these 2 tokens are still outperforming

Amid a tough day with the cryptocurrency market down on September 11, the last 30 days were also marked by a bearish sentiment and poor price performance for most cryptocurrencies

However, two digital assets are still outperforming everything else in the top 100 by market cap.
In this context, most projects are suffering huge losses, except for two gainers: Telegram’s Open Network Toncoin (TON) and THORChain (RUNE). Both TON and RUNE are surging by over 28% each in the last 30 days, according to the CoinMarketCap index.

Top Gainers in the last 30 days, among the top 100. Source: CoinMarketCap

Meanwhile, the crypto market has lost over $140 billion (-12%) from its total market capitalization in the last 27 days since August 15.

Crypto total market cap. Source: TradingView (CRYPTOCAP)

Toncoin (TON) price analysis

Toncoin is the native token for The Open Network, developed in 2018 by Telegram. This open network is a layer-1 blockchain like Ethereum (ETH), Cardano (ADA), Solana (SOL), and other known competitors.

Meanwhile, TON is priced at $1.69 by press time, up 32% in the month, although losing close to 5% in the last 24 hours as the crypto market dips.

TON 1-month price chart. Source: CoinMarketCap

THORChain (RUNE) price analysis

RUNE is being traded for $1.46 at the time of publication, also losing around 5% in the day but with 28% registered gains in the last 30 days.

RUNE 1-month price chart. Source: Finbold

According to the project description:

“THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.”

— CoinMarketCap on THORChain (About)

Interestingly, the chain has been mostly used by Bitcoin (BTC) holders directly swapping their coins for other cryptocurrencies from different blockchains.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Finbold

ORIGINAL SOURCE

https://finbold.com/the-crypto-market-is...

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.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Finbold

See more
A $750 Investment in These Tokens Could Yield a $7.5 Million Portfolio by 2026
Finbold
A $750 Investment in These Tokens Could Yield a $7.5 Million Portfolio by 2026

yesterday at 5:32 PM

·

3 views

Related News

See more
Cardano Summit 2024

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)