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Altcoin Market: There is Blood Everywhere

Avatar Gola Yashu 5 years ago

The Bitcoin price has broken below the $200-mark, currently settling around $180. With almost analytical eyes settled on this prevailing downward momentum, one may also look at the way with which the altcoin market has reacted to this entire bearish episode. Have a look of these top coins:

Litecoin

Litecoin

On January 1st, the Litecoin was valued around $2.73 and later fell massively under the influence of Bitcoin. Charlie Lee earlier recognized how Litecoin price movements are closely following Bitcoin, and hoped for a run up towards the north once Bitcoin rebounds. While this is clearly not happening, what we have now is a price way below 2013’s bubble point.

At press time, the LTC/USD is valued around $1.24 and has tumbled 20% in the last 24 hours.

Darkcoin

Darkcoin

Despite being surrounded with utmost positivity, the Darkcoin value reflects no improvements. Once again under the influence of Bitcoin, this anonymity-offering cryptocurrency has dropped from $1.95 to $1.17 in just two weeks. Darkcoin also slipped away from the top-ten cryptocurrency club, when its market cap saw a notable drop as well.

The DRK/USD is currently valued around $1.13 and has dropped by 21% in the last 24 hours.

Dogecoin

Dogecoin

Dogecoin might be the only altcoin among the top cryptocurrencies that has had a minimum impact from Bitcoin’s crash. Even then, the drop is as notable as others. In over the last two weeks, the Shibe currency has fallen from $0.00018552 to $0.00012958. The community, known for its carefree comic nature, is still optimistic about the future of Dogecoin.

The DOGE/USD is currently valued around $0.000125 and has dropped by 10% in the last 24 hours.

Other Altcoins
Apart from the aforementioned cryptocurrencies, NXT, Peercoin and PayCoin have also stumbled around 14-, 17- and 25-percent, respectively in the last 24 hours.

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