$HEX grew a whopping 120.2% in the last 30 days as the whole cryptocurrency market remains bearish. The past 30 days has been hard for the other top 10 cryptocurrencies with prices in the bearish.
Elon Musk Bitcoin Investment
Cryptocurrency has had a lot of attention in the last few months starting with Elon Musk's rise to the richest man in the world, and his frequent dabble into the topic of crypto.
Although Elon Musk was very public in his promotion of $DOGE, his sentiments regarding Bitcoin, however, were rather different.
There have been a lot of ups and downs with the relationship between Elon Musk and Bitcoin, with a single Tweet either rendering the coin bullish or bearish. The timing, however, is quite spot on as whales have been selling massive amounts of Bitcoin sending the prices down even more.
$BTC and Market Cycle
As seen on the updates provided by WhaleBot Alert, there has been massive movement in the Bitcoin department with millions of $BTC being transferred from unknown to unknown accounts.
Due to the blockchain technology, it's hard to pinpoint if the coins are being bought or sold but one thing is for sure, the price of Bitcoin has shrunk by -6.3% during the past 24 hours.
As of the moment, all other coins saw a drop through the last 30 days while $HEX rose by a whopping 120.2%.
When taking a look at the Bitcoin market cycle, the market is currently at its FEAR period.
$HEX Market Price and % Change
1. $HEX
Price: $0.10
24 hour percentage change: +5.5%
7 day percentage change:+21.3%
30 day percentage change: +120.2%
Here are the top 10 cryptocurrency performances aside from $HEX:
The cryptocurrencies will be ranked from smallest percentage loss to the highest percentage loss over a 30 day period. Check out which coins are losing the most.
Although this is said to be somewhat of a recovery, market prices are still in the low as of the moment.
2. $USDC
Price: $1.00
24 hour percentage change: +0.1%
7 day percentage change: +0.1%
30 day percentage change: -0.2%
2. $USDT
Price: $1.00
24 hour percentage change: +0.1%
7 day percentage change: +0.2%
30 day percentage change: -0.4%
3. $BTC
Price: $35,684
24 hour percentage change: -6.3%
7 day percentage change: -4.4%
30 day percentage change: -7.2%
4. $BNB
Price: $337.05
24 hour percentage change: -4.5%
7 day percentage change: -2.5%
30 day percentage change: -9.5%
5. $ADA
Price: $1.41
24 hour percentage change: -4.8%
7 day percentage change: -1.5%
30 day percentage change: -11.6%
6. $ETH
Price: $2,228
24 hour percentage change: -6.1%
7 day percentage change: -5.3%
30 day percentage change: -15.4%
7. $DOGE
Price: $0.29
24 hour percentage change: -4.7%
7 day percentage change: -8.2%
30 day percentage change: -21.2%
8. $DOT
Price: $0.87
24 hour percentage change: -2.3%
7 day percentage change: -0.8%
30 day percentage change: -39.0%
8. $XRP
Price: $0.80
24 hour percentage change: -5.5%
7 day percentage change: -6.1%
30 day percentage change: -30.9%
Read Also: RTX 3080 Prices Could Drop Due to Cryptocurrency Bust According to NVIDIA Partner ASRock
When Will the Market Recover?
According to the market cycle described on CryptocurrencyFacts, the market is currently in its FEAR cycle, and it would have to be in its GREED cycle to be considered bullish.
For those that want to "ride the bull," it might be advisable to wait since the bull is still asleep as of the moment.
Related Article: Scammers are Selling Fake Crypto Wallets that Can Steal Coins | Ledger Customers Targeted
This article is owned by Tech Times
Written by Urian B.
