The cryptocurrency market has been on a downward movement since late January 27 and is still plunging at the time of press. Most of the major coins have dipped by over 9% and are showing no sign of recovery. The bottom three coins on the top-10 cryptocurrency list have now become the biggest losers as well.
After a major position shuffle on the list, Stellar [XLM], which now ranks ninth on the CoinMarketCap list, is the biggest loser, followed by Tron[TRX], which is now on the eighth position, and Bitcoin SV [BSV].
As per XLM’s one-hour chart, the coin has plunged by a staggering 9.81% over the past day and continues to fall by 2.05% over the past hour. At the time of press, the coin was valued at $0.0901 with a market cap of $1.72 billion. The coin’s 24-hour trading volume was $142 million. The coin has shown no signs of recovery as it has fallen from the sixth position to the ninth. The coin has recorded a fall of 13.13% over the past week.
XLM was highly traded on ZB.com, with a trading volume of $24 million with the XLM/USDT pair.
Tron saw a massive pump on January 27 which resulted in it in moving up the CoinMarketCap list, and rank eighth. However, after the pump, the coin has plunged by 9.65%, making it the second biggest loser on the list. The coin was valued at $0.0269 with a market cap of $1.79 billion. TRX has registered a 24-hour trade volume of $409 million and is still seen falling by 1.59% over the past hour. Due to yesterday’s pump, the coin’s performance over the past seven days shows a 12.49% rise.
Bitcoin SV [BSV]
Bitcoin SV [BSV] is one of the coins which has not budged from its place even after some serious shuffling and has recorded a fall of 9.35% within the past day. The coin is showing no recovery as it continues to fall by 1.28% with a market cap of $1.71 billion. The coin was valued at $66.91 and recorded a 24-hour trade volume of $60 million. The coin has not seen steady growth and it reflects in its performance over the past seven days, which shows a 10.95% drop.
BSV was highly traded on BitMart, with a volume of $6 million with the BSV/USDT pair.