The general crypto market is now reporting a significant decline. Many analysts see a mix of things at play together with rising Fears of recession, tightening financial coverage, and run-away inflation. The downtrend can even proceed for just a few extra weeks earlier than we see some development reversal. Listed here are a number of the predominant bear market information in crypto.
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Bitcoin and Ethereum, two of the most important cash, have all reported over 35% declines in 7 days.
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General market cap in crypto has fallen under $1 trillion.
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BTC additionally dropped under $20,000 for the primary time since 2020.
So, with all this doom and gloom, it may be onerous to seek out cash which might be really performing. No worries as a result of those under are doing fairly effectively:
UNUS SED LEO (LEO)
The LEO token has considerably defied the chances. The coin has seen main positive factors over the previous weeks the truth is, it’s solely 40% down from its all-time highs.
Knowledge Supply: TradingView
Examine this to different cash which might be to date 80 – 90% decrease from their ATHs. Additionally, LEO noticed a achieve 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.
Flex (FLEX)
With a market cap of round $360 million, Flex just isn’t one of many largest crypto property on the market. However the coin has carried out fairly effectively over the past week. The coin is often 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% achieve over the previous 24 hours as most cash see purple.
KuCoin (KCS)
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.