$HEX bullish as value skyrockets to a positive 65% gain while $XRP bearish dropping the lowest -44.5% within the last 30 days. With the cryptocurrency market going haywire at the moment, it's hard to see whether or not there are currencies actually growing in value.
Top Crypto Whale Choices
One particular currency, however, has been growing in value despite the other top 10 cryptocurrencies suffering within the 30 day period. There has been a lot of whale movement on $TRX and $HEX. To check out whale movement, follow this Telegram group.
It's hard to see what the general public's opinion about cryptocurrency is as of the moment as big whales are coming in while small investors are coming out. There have been a number of reports of people losing big money to day trading.
The big question is could the crypto market be going down or is this just temporary? In order to make a more calculated decision, we've listed down the top 10 cryptocurrencies of today from biggest gainers to biggest losers over a 30 day period.
Top 10 cryptocurrency winners to losers
1. $HEX
Price: $0.08
24 hour percentage change: -9.3%
7 day percentage change:+25.6%
30 day percentage change: +65.5%
2. $USDT
Price: $1.00
24 hour percentage change: -0.1%
7 day percentage change: -0.0%
30 day percentage change: +0.1%
3. $USDC
Price: $1.00
24 hour percentage change: -0.1%
7 day percentage change: +0.0%
30 day percentage change: +0.0%
4. $BTC
Price: $38,293
24 hour percentage change: -4.8%
7 day percentage change: 2.5%
30 day percentage change: -12.6%
5. $ADA
Price: $1.48
24 hour percentage change: -5.0%
7 day percentage change: -8.9%
30 day percentage change: -27.7%
6. $ETH
Price: $2,363
24 hour percentage change: -7.3%
7 day percentage change: -9.5%
30 day percentage change: -28.7%
7. $BNB
Price: $346.57
24 hour percentage change: -5.7%
7 day percentage change: -7.7%
30 day percentage change: -32.7%
8. $DOGE
Price: $0.31
24 hour percentage change: -4.5%
7 day percentage change: -10.8%
30 day percentage change: -37.1%
9. $DOT
Price: $22.87
24 hour percentage change: -4.8%
7 day percentage change: -1.3%
30 day percentage change: -41.2%
10. $XRP
Price: $0.83
24 hour percentage change: -4.3%
7 day percentage change: -9.6%
30 day percentage change: -44.5%
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Crypto Market Cycle + China Crypto Crackdown
As of the moment, the crypto market cycle as noted by WhaleBot Alert is still in the red. Traders are currently within the FEAR period where more and more Bitcoin owners are selling off their coins. This could be due to China's crackdown on cryptocurrency.
For those that aren't aware, China is responsible for a whopping 65% of the world's Bitcoin mining, according to CNBC, and due to the crackdown, this could have a direct effect on Bitcoin itself. Of course, there are two different factions in the cryptocurrency market namely Bitcoins and alt coins.
While it might seam like alt season to some, it is important to note that all but one cryptocurrency is doing well during this season. Since only $HEX is doing well, it's hard to tell if it really is alt season or that the maket is just down. The latter, however, sounds more possible.
Related Article: Asset Manager Plans $160 Billion Entry to Crypto in Collaboration with NASDAQ
This article is owned by Tech Times
Written by Urian B.
