XRP, Litecoin [LTC], Cardano [ADA] head underground after the awaited bull run
The current state of the cryptocurrency market is such that most of the big coins under top-10 are returning to the bearish zone after a successful rally. On 8th November, XRP plunged by 3.65% whereas Litecoin [LTC] and Cardano [ADA] plummeted by 3.58% each.
During the day, XRP was maintaining standard at a trading price of $0.53 [approx.] with a market cap above $21 billion. The coin started dropping and crashed to $0.5 within the span of an hour with a market cap dropped below $20.5 billion.
XRP 1d price chart | Source: coinmarketcap
At the time of writing, XRP was trading at $0.51 with a market cap of $20.66 billion. The 24-hour trading volume was recorded at $658.7 million.
As of Litecoin [LTC], the coin was earlier trading as high as $55.8 with a market cap of $3.29 billion. However, the coin soon came crashing down to $53.1 where its market cap was recorded to be $3.13 billion. Despite the fall, LTC has maintained trading above the level of its week’s bottom, which is around $49.89 with a market cap equivalent to $2.79 billion. Therefore, during the week, LTC managed to bring an add-on of about $500 million to the table.
LTC 1d price chart | Source: coinmarketcap
At the time of writing, Litecoin was trading at $53.37 with a market cap of $3.15 billion. The 24-hour trading volume was observed at $341 million.
In the ADA market, the trading price went as high as $0.08 across the day where its market cap was $2 billion. With multiple downturns occurring at $0.078, ADA plunged further below as the day proceeded. Finally, the token fell to its knees to trade at a depreciated price of $0.076 with the market cap of $1.97 billion. This is a wipeout of a million dollar in a day from the ADA chart.
ADA 1d price chart | Source: coinmarketcap
Except for the stable coin, Tether [USDT], all the other coins under top-20 are suffering from depression. From Ethereum [ETH] to Tron [TRX], the coins are facing a downhill run in the wake of the bear.
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