(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.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
