Monday , March 1 2021

Depression in crypto market also passes bill between coins | criptonoticias



The contraction in the crypto market does not only include crypto coins. Coins also carry the red numbers quota with projects that have lost ground due to the downward trend in almost all of 2018. A recent study by the company Diar, "the volume of bagels fell," he said. main change houses. "

The report shows that despite the growth of the indicators in the first 10 months of the year, this advantage was lost in November. The report said, "From 410 tokens to 102, we have increased volumes by more than 100% between January and October." November shows that this number has fallen to 91 in less than a month.. The remaining tokens, which show a slight increase in volume, are just a few. "

Diar does not specify which markers are being evaluated, but reports that the study has been carried out taking into account eight exchange houses: Binance, OKEx, Huobi, Bitfinex, Kraken, Poloniex, Bittrex and HitBTC. The company explained that the assessment only analyzes the icons changed at the beginning of the year and continues to be listed on the platforms mentioned above. "Volumes are based on the actual indicator, not on converting to fiat or cryptocurrency pairs," the statement said.

The study also shows that this situation changes significantly when comparing the liquidity between the houses of change. For Poloniex, "all listed tokens have less transaction volume than were at the beginning of the year"; In the case of Bittrex, there are only three. Add: "More than 75% The coins added to the bureau this year saw their volumes falling completely Between October and November. "

Behavior of tokens

A review of the behavior of some of the markers shows that, for example, OmiseGO's (OMG) price has declined since it reached the highest price for January 8th in 2018. On this date, the coin was registered as US $ 26.14. The current value is 1.40 USD, a collapse of 95.10% since then.

OMG-coinmarketcap-token criptoactivo

The price movement of OmiseGO in 2018. Source: CoinMarketCap.

A similar scenario takes place with Basic Attention Token (BAT). It is trading at 0.86 USD on January 9, 2018 and is currently 0.13 USDa depression of 86.36% from the highest price. Another marker with a bear behavior is the 0x1 (ZRX) & # 39; marketed from $ 2.37 on January 13th. dir, then fell to US $ 0.4, 86.43% compared to the maximum price reached 11 months ago.

Symbols are usually arranged as a financing mechanism in initial currency bids (ICO). Every project is in search of money Holds a certain amount on a blockchain platform such as Bitcoin, Ethereum, or Waves. It is then delivered to investors in exchange for crypto money or, in other cases, in exchange for national currencies such as dollars or euros.

The decline of Bitcoin throughout the year affects the rest of the crypto activity. This is due to the fact that a significant portion of commercialization is undergoing a change with BTC. We should also keep in mind that bitcoin currently has a 54% confidence in the crypto market. Although the main crypto currency has fallen, the rest of them follow the same path, though more and more, bitcoin still gives more confidence to investors.

Featured image jamdesign / stock.adobe.com


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