(Monday 12 August 2024, 08:18 AM GMT):
Today, the cryptocurrency market is experiencing a significant downturn, with major cryptocurrencies and altcoins taking a bearish hit. Render, Artificial Superintelligence Alliance, and Ondo were among the altcoins that saw substantial double-digit declines in the past 24 hours. The total altcoin market cap has dropped from $2.24 trillion to the current $2.14 trillion, showing a major sell-off. Both Bitcoin and Ethereum have also been affected, each falling by over 3% today.
Here’s a closer look at the performance of some popular memecoin of last past 24 hours:
- Render (RENDER) is down by 7.74%.
- Artificial Superintelligence Alliance (FET) is down by 7.10%.
- Ondo (ONDO) is down by 7.47%.
Altcoins Liquidations Data:
In the past 24 hours, altcoins led significant Liquidations are as follow:
1) Render (RENDER) Liquidation Data:
Significant liquidations occurred in Render, particularly in long positions. A total of $204K \was liquidated, including $186K in long orders and $17K in short orders.
2) Artificial Superintelligence Alliance (FET) Liquidation Data:
FET also saw significant liquidations, mainly in long positions. The total liquidation amounted to $201K, with $187K Million in long orders and $14K in short orders.
3) Ondo (ONDO) Liquidation Data:
Ondo experienced notable liquidations, especially in long positions. The total liquidated value was $580K consisting of $475K in long orders and $105K in short orders.
As of now, investors should focus on the Bitcoin (BTC) chart; if it takes a pullback from here, we will see recovery in the prices of altcoins.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.