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Biggest losers in January 27 market massacre: Tron [TRX], Stellar [XLM], and Bitcoin SV [BSV] fall by over 9%

Namrata Shukla

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Biggest losers in January 27 market massacre: Tron [TRX], Stellar [XLM], and Bitcoin SV [BSV] fall by over 9%
Source: Pixabay

The cryptocurrency market has been on a downward movement since late January 27 and is still plunging at the time of press. Most of the major coins have dipped by over 9% and are showing no sign of recovery. The bottom three coins on the top-10 cryptocurrency list have now become the biggest losers as well.

After a major position shuffle on the list, Stellar [XLM], which now ranks ninth on the CoinMarketCap list, is the biggest loser, followed by Tron[TRX], which is now on the eighth position, and Bitcoin SV [BSV].

Stellar [XLM] 

Source: Trading View

Source: Trading View

As per XLM’s one-hour chart, the coin has plunged by a staggering 9.81% over the past day and continues to fall by 2.05% over the past hour. At the time of press, the coin was valued at $0.0901 with a market cap of $1.72 billion. The coin’s 24-hour trading volume was $142 million. The coin has shown no signs of recovery as it has fallen from the sixth position to the ninth. The coin has recorded a fall of 13.13% over the past week.

XLM was highly traded on ZB.com, with a trading volume of $24 million with the XLM/USDT pair.

Tron [TRX]

Source: Trading View

Source: Trading View

Tron saw a massive pump on January 27 which resulted in it in moving up the CoinMarketCap list, and rank eighth. However, after the pump, the coin has plunged by 9.65%, making it the second biggest loser on the list. The coin was valued at $0.0269 with a market cap of $1.79 billion. TRX has registered a 24-hour trade volume of $409 million and is still seen falling by 1.59% over the past hour. Due to yesterday’s pump, the coin’s performance over the past seven days shows a 12.49% rise.

Bitcoin SV [BSV]



Source: CoinMarketCap

Source: CoinMarketCap

Bitcoin SV [BSV] is one of the coins which has not budged from its place even after some serious shuffling and has recorded a fall of 9.35% within the past day. The coin is showing no recovery as it continues to fall by 1.28% with a market cap of $1.71 billion. The coin was valued at $66.91 and recorded a 24-hour trade volume of $60 million. The coin has not seen steady growth and it reflects in its performance over the past seven days, which shows a 10.95% drop.

BSV was highly traded on BitMart, with a volume of $6 million with the BSV/USDT pair.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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