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It's tough to stomach crypto prices in the past few days.
Anyone who bought the top cryptocurrency Bitcoin since late 2020 will see their portfolio in the red today. It's a similar story for anyone who bought BNB, Ethereum, Cardano, XRP, Solana and many more cryptocurrencies today.
But crypto price trends today have a few surprises. There's a new cryptocurrency in the top 10 tokens by market cap, and new tokens in the top 20 too.
Many altcoins are even capitalising on the wider crypto crash – like EverGrow Coin, with 12% growth in the past 24 hours.
Below we'll look at the major crypto price trends in turn.
The crypto market has fallen yet again over the past day to under $900 market capitalisation.
The crypto market dipped under $1 trillion on June 13 – for the first time since January 2021. Losses have continued through to June 15 with the crypto market cap currently at $880 billion.
The crypto market brushed $3 trillion only back in November last year.
The price of Bitcoin has fallen to $20,190 on the morning of June 15.
This is the lowest Bitcoin price since December 2020 and a loss of 31% in price over the past week. Bitcoin has a relative strength index (RSI) of 26. While this is the lowest since at least 2018 – and a strong buy indicator for Bitcoin – there's no sign of the Bitcoin price recovering yet.
With the US Federal Reserve expected to announce interest rate hikes in the coming week, the Bitcoin price could likely remain volatile for the rest of June.
Polkadot has flipped the market capitalisation of Dogecoin to join the crypto top 10.
The crypto price of Polkadot (DOT) is currently $7.09 and down 3% in the past day. While DOT is down 22% in price over the past week, Dogecoin is down 35% to a price of $0.05233.
Polkadot has a market cap of $6.95 billion today while Dogecoin's market cap has fallen to $6.88. With the DAI stablecoin's market cap at $6.82, further Dogecoin losses could see it fall to 12th place in the crypto rankings by market cap.
Litecoin has rejoined the crypto 20 after flipping Cronos (CRO) over the past few days.
The crypto price of Litecoin is $42.93 and has dropped 4% over the past day. Litecoin is currently in 18th place in the crypto rankings by market cap, with FTX Token also joining the crypto top 20 at position 20.
Cronos, NEAR Protocol, and Chainlink have all fallen out of the crypto top 20 in recent days following volatility in the market.
Meanwhile, the crypto token Stellar (XLM) has risen to 23rd place. UNUS SED LEO (LEO) has made the biggest inroads into the crypto top 20 after flipping Polygon, Shiba Inu, Avalanche and now TRON to sit at 14th place with a crypto price of $5.02.
Reflection token EverGrow Coin is making impressive 12% gains in price today.
The price of EverGrow Coin is currently $0.0000001764. EverGrow Coin has seen its trading volume spike over 60% in the past few days as traders seek crypto passive income through its BUSD reflections.
EverGrow Coin charges a 14% transaction on both buy and sell orders, with 8% redistributed instantly in the Binance-pegged USD stablecoin. This mechanism allows EverGrow Coin to generate crypto passive income whether prices are rising or falling.
Since launching in September last year, EverGrow Coin has paid out more than $37 million in BUSD rewards.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
