The general crypto market is now reporting a serious decline. Many analysts see a mix of things at play together with rising Fears of recession, tightening financial coverage, and run-away inflation. The downtrend may even proceed for just a few extra weeks earlier than we see some pattern reversal. Here are a few of the primary bear market information in crypto.
Bitcoin and Ethereum, two of the greatest coins, have all reported over 35% declines in 7 days.
Overall market cap in crypto has fallen under $1 trillion.
BTC additionally dropped under $20,000 for the first time since 2020.
So, with all this doom and gloom, it may be arduous to seek out coins that are really performing. No worries as a result of the ones under are doing fairly well:
UNUS SED LEO (LEO)
The LEO token has considerably defied the odds. The coin has seen main positive aspects over the previous weeks in truth, it’s solely 40% down from its all-time highs.
Data Source: TradingView
Compare this to different coins that are to this point 80 – 90% decrease from their ATHs. Also, LEO noticed a acquire of 16% over the previous 24 hours. The coin has by far outperformed all main coins and will keep this trajectory over the subsequent week or so.
With a market cap of round $360 million, Flex will not be one in all the largest crypto property on the market. But the coin has completed fairly well over the final week. The coin is often used to pay for charges on the Coinflex change. As of now, FLEX is round 35% from its ATH. It has additionally seen a modest 2% acquire over the previous 24 hours as most coins see purple.
KCS is one other change token that has additionally seen some first rate uptrend. Although KCS is round 60% from its all-time excessive, it has nonetheless outperformed the market modestly. Nonetheless, KCS noticed a drop of 10% over the final 24 hours or so.