The general crypto market is now reporting a serious decline. Many analysts see a mixture of things at play together with rising Fears of recession, tightening financial coverage, and run-away inflation. The downtrend may even proceed for just a few extra weeks earlier than we see some pattern reversal. Listed here are among the predominant bear market details in crypto.
Bitcoin and Ethereum, two of the most important cash, have all reported over 35% declines in 7 days.
Total market cap in crypto has fallen beneath $1 trillion.
BTC additionally dropped beneath $20,000 for the primary time since 2020.
So, with all this doom and gloom, it may be laborious to seek out cash which can be truly performing. No worries as a result of those beneath are doing fairly nicely:
UNUS SED LEO (LEO)
The LEO token has considerably challenged the chances. The coin has seen main beneficial properties over the previous weeks in reality, it is solely 40% down from its all-time highs.
Information Supply: TradingView
Examine this to different cash which can be to date 80 – 90% decrease from their ATHs. Additionally, LEO noticed a acquire of 16% over the previous 24 hours. The coin has by far outperformed all main cash and will preserve this trajectory over the following week or so.
With a market cap of round $360 million, Flex shouldn’t be one of many largest crypto property on the market. However the coin has finished fairly nicely over the past week. The coin is usually used to pay for charges on the Coinflex trade. As of now, FLEX is round 35% from its ATH. It has additionally seen a modest 2% acquire over the previous 24 hours as most cash see crimson.
KCS is one other trade token that has additionally seen some first rate uptrend. Though KCS is round 60% from its all-time excessive, it has nonetheless outperformed the market modestly. Nonetheless, KCS noticed a drop of 10% over the past 24 hours or so.
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