The crypto market is experiencing major downswings as altcoin giants like Solana (SOL), Cardano (ADA), and Near Protocol (NEAR) show major dips. SOL prices have seen significant declines during this downturn, losing billions of dollars in just one week.
Cardano’s (ADA) troubling price movements have led to an increased number of addresses in red. Cardano (ADA) investors are facing substantial losses as its value plummets. A staggering number of addresses are “out of money” indicating a buying rate higher than the market value.
Near Protocol (NEAR) tries to recover from its downtrend by looking for firm support. Bears have been dominating NEAR since the first week of June. Near Protocol came under strong selling pressure as it fell back to its 200-day moving average. DTX Exchange emerges as a sigh of relief for these altcoin investors with its explosive growth potential.
Solana Sheds $7 Billion: SOL Price Suffers
The crypto market’s slide down of over 1.35% has manifested in the form of a massive loss for the meme coin house, Solana. Solana has lost roughly $3 billion in value, retracing back to the $136 level.
In the continuation of a bearish trend, SOL price is down by 10% in a week’s time frame. SOL’s price is almost 50% lower than its ATH set during the 2021 peak. The fear and greed index for Solana notched a neutral level of around 51. Thus, crypto analysts are confused about the SOL Price trajectory as the general crypto sentiment around Solana is neither bullish nor bearish at the moment.
Cardano (ADA) Investors Face Losses
Cardano’s (ADA) price decline has impacted almost 74% of its investors. The investors are underwater because they bought Cardano (ADA) for around $0.39. These investors are nearing the breakeven point despite the ongoing price drop.
The group of Cardano (ADA) investors make a large category within the segment with around 180,000 addresses, holding a substantial 2.57 billion ADA tokens. Cardano (ADA) investors continue to face challenges as its market conditions remain volatile.
The platform experiences a significant decrease in active addresses dropping to 29,000. These active addresses were further reduced to 15,000 as the network usage and participation decreased.
Near Protocol Struggles Between Bullish Reversal And A Plunging Trend
Broader market volatility has fueled Near Protocol’s price drop of over 32% within a couple of weeks. However, an interesting bullish pattern and a neutral-weighted sentiment are observed, leaving the market experts baffled about the future of Near Protocol.
The increased selling pressure in the broader market has added a risk of further decline for Near Protocol. NEAR stands out as the 17th largest cryptocurrency with a live market capitalization of $5.68 Billion.
Near Protocol’s weighted sentiment curve illustrates a neutral stance as its price tries to stabilize around the 200-day exponential moving average. There appears to be a neutral bias among the investors and community members.
DTX Exchange Grabs Investors With $760,000 Raise In Presale Stage 2
DTX Exchange defies the market trends and outshines the altcoin giants which are currently struggling with their prices. The platform serves as a trading opportunity that provides access to over 120,000 assets including Crypto, Stocks & Bonds, Forex, and Commodities. Its hybrid trading model and speed of 18000 TPS enable holders to experience high-velocity trading.
The platform has raised over $760,000 at the beginning of its presale. DTX has been able to raise the bar by raising $100,000 in a day. Currently priced at $0.04, the DTX token has raised $734,511 by completing 28% of its presale’s second stage. The platform provides an opportunity for exponential gains.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
