Most Robust Cryptos in Quick Market Correction
Crypto Consultant – Ollie
Cryptocurrencies had a positive trend at the beginning of 2021, with crypto trading giants hitting their all-time highs early in the year. Sitting at its peak value, you can now sell Bitcoin at an incredible $58,354, while you can now buy Ethereum for $2,036.55 and Dogecoin rose by more than 1,000% to cross 0.087158.
The trend has changed more recently, and the economy has undergone a downward spiral, with some coins losing as much as 30% of their market value. Despite declining rates, some coins have proved to be durable and appear reasonably unscathed in the market correction.
Before the blip, Binance Coin (BNB) had already hit its all-time peak, closing at $333.13 on February 19th. This was almost 160% of the previous all-time-high price.
After the price drop of the market, BNB held a fast-paced pattern of steady gains every day. According to the new standings, BNB has gained 52.17% in the last seven days and more than 18.47% in the last 24 hours.
Cardano holders and investors do not have much to worry about with Cardano dropping slightly with 2% and easily tipped the balance around and made gradual incremental improvements to end the market correction at $1.05.
The fifth largest coin per market cap, Cardano stayed positive, with a 16% surge over the last week and an average of 4% per day.
2021 has proved to be Dogecoin's year after Elon Musk's enigmatic tweets sent the coin in a flurry in which it won over 1000% to cross an all-time high of $0.078844 in early February. However, things began to unravel and Dogecoin suffered a huge fall in price.
Despite all odds and despite the price correction, Dogecoin kept its own and made substantial advances in the bearish market. Currently, the price for selling Dogecoin is at $0.05720, it increased by more than 20% after the price reversal to the complete disappointment of the detractors who expected much lower rates for it.
NEM has witnessed a quick price rally after the last price correction, increasing 40% over the last 7 days. The cause for this stability in the dip was a spike in the market value of Symbol Airdrop that is elaborately related to the NEM coin.
The most recent price correction was over 100% won by Solana. Analysts believed the reason for the resistance was attributable to the introduction of the Solana Blockchain, Raydium. The hype about the launch took the 18th most popular coin exchange to $17.53 at the close of the price reversal.