Crypto-currencies August 22: momentum blocked, consolidation or decline?

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The crypto market rebound appears to have run out of steam with small coin losses over the past 24 hours. The market has grown 0.72% on average during this period due to the noticeable upward pull of many altcoins and bitcoins that are maintaining and consolidating their ground.

It is difficult to say if the overall rebound is sustainable given the lack of direction and momentum as buy volumes are still lagging behind and all the peaks are heavily sold by the bears that have lined up along the resistance levels.

It is not uncommon to see some setback over the weekend.

Bitcoin changes hands at US $ 48,930 after the world’s largest and best-known cryptocurrency surged 0.6% overnight. Ether, the coin linked to the ethereum blockchain network, is trading around US $ 3,240.

Among the Top 10 large caps, Solana (SOL) is the best performing with an increase of 4.5% in 24 hours.

Top 10 Cryptocurrencies by Market Cap in the Last 24 Hours:

Crypto USD 24H Cap
Bitcoin (BTC) $ 48,930 0.6% $ 920 billion
Ethereum (ETH) $ 3,240 -1% 380 billion dollars
Ripple (XRP) $ 1.24 -1.9% $ 123 billion
Cardano (ADA) $ 2.5 -0.3% $ 80.8 billion
Binance Coin (BNB) $ 451 -0.5% $ 75.8 billion
Dogecoin (DOGE) $ 0.32 -2.1% $ 41.3 billion
Polkadot (POINT) $ 27.8 -3.1% $ 30.7 billion
Uniswap (UNI) $ 28.7 -0.3% $ 28.7 billion
ChainLinkToken (LINK) 28 $ -3.1% $ 28 billion
Solana (SOL) $ 71.7 4.5% $ 20.6 billion

In the meantime, here is the list of the top 10 cryptos that fared much better than the market during the day (COS demonstrated impressive performance):

Crypto USD 24H Cap
Content (COS) $ 0.031 70.7% $ 0.11 billion
Pundi X (NPXS) $ 0.0018 20.4% $ 0.47 billion
Cosmos (ATOM) $ 22.9 19.8% $ 6.1 billion
Rune (RUNE) $ 10.8 17.1% $ 2.4 billion
Fun fair (FUN) $ 0.035 16.6% $ 0.38 billion
EnjinCoin (ENJ) $ 1.87 11.4% $ 1.9 billion
Humaniq (HMQ) $ 0.008 11.3% $ 0.0015 billion
iExecRLC (RLC) $ 4.4 10.3% $ 0.35 billion
Algorand (ALGO) $ 1.22 10.1% $ 6.9 billion
Waves (WAVES) $ 26.5 8.5% $ 2.8 billion

Risk Warning: Cryptocurrency is a notoriously volatile unregulated virtual asset with a high level of risk. Any news, opinion, research, data or other information contained on this website is provided for reporting purposes as general market commentary and does not constitute investment or trading advice.

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