The overall cryptocurrency market is currently bearish, with most of the top 100 coins trading in the red at the time of writing.
Top Cryptocurrencies
The crypto market opened lower this morning, with the majority of the top 10 cryptocurrencies posting significant losses. Bitcoin was down roughly 3% at the time of writing, trading below $30,000.
Ethereum fell by about 4%, XRP dropped around 5%, and Cardano declined by 6%. The biggest loser among the top 20 was Avalanche, which shed 12% of its value.
NEAR Protocol fell out of the top 20. Taking its place was UNUS SED LEO, which recorded one of the smallest losses among the top 100 coins. LEO is approaching the $5 mark.
Tron was the only gainer among the top 20, currently ranking 14th by market capitalization. It rose about 3% in the past 24 hours and is trading near $0.07.
Big Movers
Outside the top 20, the trend was similar, with most coins losing between 3% and 8% of their value. Notable exceptions included Decentraland (-10%), The Graph (-12%), IOTA (-11%), and STEPN, Waves, and Convex Finance, each down roughly 13%.
Chiliz reversed yesterday’s gains and dropped 14%. Kadena also fell 13%, despite remaining up 66% for the week.
The second biggest loser of the day was Curve DAO Token, down 17%. TerraUSD plunged another 42% and is now trading around $0.08.
Among the top 100, Decred stood out as one of the few stable performers, adding about 4% to its value today.
Trends
The standout performer at the moment is the BNB Smart Chain token associated with Fairy Forest NFT (FFN). Fairy Forest is a play-anywhere project accessible via web, tablet, or mobile and requires no previous crypto experience. FFN surged approximately 1,131% today.