The “Christmas Radilly” for cryptocurrencies was eventually over. Bitcoin (BTC) is falling sharply again, but the altcoins drop even harder. The total market cap of all crypto briefly recovered to $2.5 trillion over Christmas, but is dropping to $2.35 trillion today. The market is talking about a possible last shake out before the rally can really start, but of course that is anything but certain. There is still a lot of uncertainty in the market as in the crypto news can be read. The trading volume in the sports market continues to fall and there still does not seem to be any “retail FOMO.”
Daily Market overview.
Market cap: $2,38T -2,22%⬇️
SPOT Volume 24h: $55,7B -14,3%⬇️$ BTC dominance: 37,96% -0,71%⬇️
Fear & Greed Index: 27 Fear????on the Market. Most projects in loss ????????#Bitcoin $ BTC $ ETH #Ethereum pic.twitter.com/bUKsdmCA8h— IT Tech (@IT_Tech_PL) December 29, 2021
Ethereum falls with bitcoin
Ethereum (ETH) rose with bitcoin shortly before Christmas, then grabbed $4,100 again. However, the support here did not look very stable and on Monday evening the ether price dropped. Ether found support around USD 3,900 for a while, but last night the price also fell through that. Ether even briefly dipped all the way to $3,750 on cryptocurrency-exchanges as Binance. Since then, ether has recovered to USD 3,800, the same level as the Dec 20 dip. Whether ether can hold its own here seems to depend mainly on bitcoin for the time being, but again it does not look very stable. According to Kaiko, a lot could be done in the past six months layer-1 in layer-2 tokens are enjoying the scalability issues on Ethereum.
#Ethereum‘s scalability issues generated unprecedented investor interest for #Layer1 and #Layer2 tokens, which are some of 2021’s best performers. pic.twitter.com/vU9nSCkp6s
— Kaiko (@KaikoData) December 29, 2021
Solana, cardano and XRP fall the hardest
Binance coin (BNB) also plunges about 2.5% to $535. However, Solana (SOL) is falling much faster. SOL appeared to break above USD 200 a few days ago, but then fell to USD 190 and further to USD 174 last night, a loss of 9% in the past 24 hours. Also cardano (ADA) takes quite a beating. ADA shot up again on Monday and appeared to be recovering strongly from the dip yesterday. However, ADA fell from $1.54 to $1.40, down 9%. Also ripple (XRP) fell about 6% to USD 0.85 in the past 24 hours.
2021 Achievements: Cardano Improvement Proposals (CIPs)
Find out more about CIPs: https://t.co/fDbNAHyUHA#Cardano #governance #CIPs pic.twitter.com/YymOC4dV5S
— Cardano Community (@Cardano) December 28, 2021
Rest top 10 and just beyond that also red
The other prices from the top 10 fall a little less hard, but still take a big blow. Terra (LUNA) and polkadot (DOT) are both down about 5%, but DOT is still up 12% from a week ago. Just outside the top 10, however, we see avalanche (AVAX) falling by as much as 10% and both same corners, dogecoin (DOGE) and shiba inu (SHIB), lose about 5% of their value.
YEAR TO DATE: $1000 INVESTMENT
We are at the end of 2021, which is an incredible year for the crypto market. Let’s take a look at the $1000 investment into smart contract platform from the 1st day of 2021 until now.#Solanaszn #investment$MATIC $FTM $LUNA $SOL $AVAX $BNB $ EGLD pic.twitter.com/NOsVOY0v36
— Solana Daily (@solana_daily) December 29, 2021
Hardest fallers top 100
A large part of the market is down more than 5% today, but a handful of prices from the top 100 drop even harder than the aforementioned prices. Chiliz (CHZ), enjin coin (ENJ), decentraland (MANA), chainlink (LINK) and tezos (XTZ) also lose about 10% of their value. Basic attention token (BAT) even more than 12% and cosmos (ATOM) no less than 13%. Stacks (STX) and kadena (KDA) are also down 13% and aave (AAVE) is down a whopping 14% in the past 24 hours. AAVE made a significant rally last week, so that the price is still 32% in the plus compared to a week ago.
Some green exceptions
Nevertheless, some prices are still in the plus today. Fantom (FTM) and iota (MIOTA) are up a few percent. Convex finance (CVX) rose just as fast and is 4% in the plus and 30% compared to a week ago. Sushi (SUSHI) is up 5% and is now almost 56% in the plus compared to a week ago. Then we have another newcomer storming into the top 100: oasis network (ROSE). The ROSE price is currently on the rise, is 7% in the plus and 44% compared to a week ago.
DAILY GAINERS LIST
28 December 202124 Hours Price Change:$FARM +115.9%$QUICK +49.3%$RVF +35.6%$FUSE +34.4%$ALCX +26.7%$ANT +25.7%$BOND +22.9%@harvest_finance @QuickswapDEX @RocketXexchange @Fuse_network @AlchemixFi @AragonProject @Barn_Bridge pic.twitter.com/sESxO6ikY6
— CryptoDiffer (@CryptoDiffer) December 28, 2021
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