Bitcoin, Ethereum, Solana & XRP plunge, meme coins down

The value of top cryptocurrencies suffered on Thursday, along with a fall in Dogecoin, Shiba Inu and metaverse tokens.

Bitcoin, Ethereum, Solana & XRP plunge, meme coins down

By Nidhi Bhardwaj: Like yesterday, the prices of top cryptocurrency traded in the red early on 29 December. The global crypto market cap fell by 0.82 percent to $795.71B, while there was an increase in total crypto volume by 4.81 percent to $29.82B. The value of Bitcoin declined by 0.70 percent to trade at $16,557.26 as compared to its yesterday’s value of $16,674.12.

The value of Ethereum registered a loss of 0.36 percent to $1,194.36 . As of (1000 IST), other currencies like Monero increased by 0.89 percent to $146.77 and Dash on the other hand, slipped by 0.18 percent to $43.37. EOS also suffered in value by 2.07 percent to trade at $0.867968.

The value of Solana was down by 9.58 percent to $9.71. The drop is witnessed in the value of Cardano by 3.99 percent to $0.245454 . Further, the price of XRP fell by 4.40 percent to 0.344883.

The top gainers on Thursday were Internet Computer, Holo, IOTA, and Monero, with a rise in value by 3.79 percent, 2.43 percent, 0.68, and 0.65 percent, whereas Solana, Terra Classic, Chain and Aptos were the losers.

Meme coins recorded loss

Meme coins continue to trade low in the past 24 hours. Dogecoin traded low at 1.84 percent to $0.070537, along with a decrease in Shiba Inu’s price by 2.19 percent to $0.000008.

Metaverse tokens plunge

The value of Decentraland suffered by 4.78 percent to $0.300828. The Sandbox and Axie Infinity recorded a plunge in their value by 4.50 percent to $0.406969 and 4.08 percent to $6.20.