The top 10 cryptocurrencies have finally recovered from a bloody bearish drop in the last market volatility report. Could this finally mean a bullish market at last?
The highest drop was $HEX dropping -17.3% but recovered by only +0.2%.
While $HEX has been able to peak at $0.17, the value has dropped down to $0.13. The largest improvement was $DOT, which grew by +7.4%. Something interesting that was recently shown was how $DOT and $BUSD are now competing for a spot in the top 10 cryptocurrencies.
While $BUSD is known as a stablecoin, $DOT, on the other hand, is another competitive cryptocurrency that has been sitting on the list of top 10 cryptocurrency.
As seen on the updates by WhaleBot Alerts, there have been a lot of $BUSD movements as of late.
An article by the Independent.co.uk reported that Bitcoin had finally been able to climb back to $30,000 after a struggling few days where the cryptocurrency's price fluctuated.
$BTC has reportedly been dribbling around the $29,000 support line.
Here are the top 10 cryptocurrencies ranked by 24-hour percentage change:
1. $DOT
Price: $11.61
24 hour percentage change: +7.4%
7 day percentage change: -13.6%
30 day percentage change: -36.2%
2. $DOGE
Price: $0.18
24 hour percentage change: +6.8%
7 day percentage change: -7.8%
30 day percentage change: -30.3%
3. $ADA
Price: $1.13
24 hour percentage change: +6.2%
7 day percentage change: -7.1%
30 day percentage change: -14.4%
4. $ETH
Price: $1,872
24 hour percentage change: +5.8%
7 day percentage change: -1.6%
30 day percentage change: -8.1%
5. $BNB
Price: $280.49
24 hour percentage change: +4.8%
7 day percentage change: -5.1%
30 day percentage change: -11.5%
6. $BTC
Price: $30,867
24 hour percentage change: +3.2%
7 day percentage change: -3.5%
30 day percentage change: -6.7%
7. $XRP
Price: $0.55
24 hour percentage change: +2.4%
7 day percentage change: -9.1%
30 day percentage change: -21.9%
8. $HEX
Price: $0.13
24 hour percentage change: +0.2%
7 day percentage change: +11.9%
30 day percentage change: -57.1%
9. $USDT
Price: $1.00
24 hour percentage change: +0.0%
7 day percentage change: +0.1%
30 day percentage change: -0.2%
10. $USDC
Price: $1.00
24 hour percentage change: -0.0%
7 day percentage change: -0.0%
30 day percentage change: -0.1%
Read Also: 4,000 $ETH Stolen from THORchain in Blockchain Attack | Worth Over $7.6 Million USD
As of the moment, it's hard to tell if the market is finally on a bullish trend despite its positive 24 day gain. The highest 30-day percentage loss is still $DOT, which has dropped by a whopping 36.2% in the last 30 days.
The highest change remains $HEX.
However, a crypto whale was spotted purchasing 30,000 $BTC, which could potentially be a sign that the whales are finally in play again. Although there is no confirmation as of the moment, with big crypto whales at play, this could be a sign that they know something is going to happen.
Although day-traders are taking advantage of the volatility, investors are still juggling whether or not it would be a good idea to invest in certain cryptocurrencies.
Depending on the indicators used, traders might be able to see opportunities for entry to buy low and sell high. This, however, is still not a guarantee despite the market's volatility revolving around a certain range for the top 10 cryptocurrencies.
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This article is owned by Tech Times
Written by Urian B.
