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Monero [XMR] continues to sees a double digit decline on the last 7 day stats

Aman Swami

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Monero's voodoo continues as it sees a double digit decline on the last 7 day mark
Source: Pixabay

As of today, the entire market looks bearish. Red is the color of the day for the top 15 cryptocurrencies in the CoinMarketCap. The big names in the cryptocurrency market like the Bitcoin, Ethereum, Ripple all are in a slump. Even the altcoins which have gained popularity and high growth rates in the previous month look downwards as all experience negative growth rate percentages on the 1-hour scale, 24-hour mark, and the 7-day mark.

The only currencies that have managed to stay above zero and seen the green bright number next to their names are EOS, Cardano, Stellar Lumens and Tron. EOS, at the last 7 day statistics, shows a surge of  25.46%, Cardano’s total price percentage increase in the last 7 days is 11.79%, Stellar which has shown lowest growth rates of the four in the last 7 days has a 9.75% increase and Tron is surging with the highest growth rate in the last 7 day as compared to the other 3 with a price percentage increase of 38.83%.

Monero currently holds the 12th rank in the CoinMarketCap. It has seen a drastic decline in the last couple of weeks. Its performance has really alarmed the community as it still continues to show negative numbers which have highly affected its price and market cap.

The total market cap has fallen below the $4 billion mark and is currently at $3.7 billion. Even the price of Monero has taken a huge hit in the last couple of days. It has declined drastically over the last 3 days. It is declining at the rate of 3.38% in the last 24 hours which has brought down its price from $256.95, recorded 3 days ago to $235.05. A total of $20 is lost in Monero’s price.



Source: Coinmarketcap

Source: Coinmarketcap

It shows similar figures on the 7-day mark. It has seen a decline in its performance for a very long time now. The last time it had seen a rise was on 22nd April and 24th April. In the last 7 days, its average has taken a massive hit, it currently declines with a double-digit number, 19.69 %.

A Twitter user comments:

“Its the safest and fasted crypto, I am all the way bullish for the coin”





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Aman Swami is an Economics major from Christ University. He is very passionate about cryptocurrency and understanding of financial markets.

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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