EOS Worst Performer in Top 20 Amid Sharp Market Decline

2018-12-7 19:49

The cryptocurrency market has returned to extremely bearish market conditions with several major cryptocurrencies including market leader Bitcoin recording 2018 lows. EOS has been the worst performer in the top 20 with an over 20% decline over the past 24 hours. This has brought it down to 8th in the cryptocurrency rankings. If it continues this rapid decline, it is likely to be overtaken by Litecoin.

Top Ten Cryptocurrencies by Market Cap

This is the sixth consecutive losing day for EOS. The past two candles formed Marubozu candles. This is a candle with a long body and little to no wick showing strong movement in one direction. Today’s candle has also been forming a Marubozu candle, and the bearish decline in EOS shows no sign of stopping. The volume driving the decline has been significant. The MACD and RSI have also been declining, showing strong seller momentum.

EOS Daily Chart – Source: Tradingview.com

The project has been a disappoint for most investors after depreciating 84% in value since its mainnet launch on the 15th of June. Bitcoin has proved to hold its value much stronger and has depreciated 48% since the mainnet launch of EOS.

Bitcoin versus EOS Performance, coinlib.io Key Takeaways: EOS is the worst performer in the top 20 cryptocurrencies after depreciating over 20% in the last 24 hours. EOS looks likely to continue its decline given the strong seller momentum driving the decrease. EOS has disappointed most investors after losing 84% of its value since the mainnet launch. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

EOS Worst Performer in Top 20 Amid Sharp Market Decline was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market decline eos cryptocurrency performer worst sharp

Источник: blokt.com

market decline → Результатов: 126


Stablecoin decline as ETH staking, Layer-2s see major growth in Q2 2023

During a relatively stable second quarter, Bitcoin and Ethereum have expanded their shares to over 70% of the total cryptocurrency market capitalization for the first time since April 2021 During the same period, the recently released Crypto Market Insights Report 2023Q2 by TokenInsight indicates the crypto market saw a decrease in the total market capitalization […] The post Stablecoin decline as ETH staking, Layer-2s see major growth in Q2 2023 appeared first on CryptoSlate.

2023-7-29 23:15


Bitcoin Likely to Slide Back into $17,000 Region as Recovery Fades

Bitcoin and the entire crypto market has been caught within an intense bout of consolidation over the past day, which came about following a sizeable decline This decline sent most tokens reeling lower, with BTC and most altcoins all shedding a serious amount of value Where the market trends in the mid-term should offer some serious insights into whether or not this move is emblematic of any mid-term trend shift For the time being, it […]

2020-12-10 21:00


Фото:

Dogecoin Price Uptrend Resumes as Market Cap Top 20 Spot Looms Ahead

It has been a pretty interesting week for Dogecoin so far. Considering how much top cryptocurrencies are on the decline, things have begun moving in the right direction again. More specifically, there have been solid gains in both USD and BTC value, and it seems that price increase will remain in place for some time […] The post Dogecoin Price Uptrend Resumes as Market Cap Top 20 Spot Looms Ahead appeared first on NullTX.

2018-12-4 12:59


Sources Indicate Nasdaq Plans to Launch Bitcoin (BTC) Futures Contracts by Early 2019

Amidst the current decline of Bitcoin there is some good news as sources indicate that Nasdaq Inc. is moving ahead with plans to launch Futures contracts based on BTC. According to Bloomberg, two sources familiar with the matter have stated that the firm has shown continual interest in the investment products despite the bear market […] The post Sources Indicate Nasdaq Plans to Launch Bitcoin (BTC) Futures Contracts by Early 2019 appeared first on Ethereum World News.

2018-11-27 15:31


Фото:

Bitcoin Inches Back up After Falling 23.8% in 2 Days; Sets New Record Low for 2018

Just last week, crypto investors were alarmed when the market fell $27. 5B in just 11 hours. The downturn affected Bitcoin’s market capitalization which decreased by $14 billion. However, last week’s crash was just the prelude of an even bigger decline which just happened recently – a decline so steep that it set a new 2018 […] Bitcoin Inches Back up After Falling 23.

2018-11-21 15:29


Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline

Bitcoin is fast losing its ground as the stable coin it once was a few days ago, the current market report shows that the digital asset has taken a downward movement in price. There are fear and frustration among the investors who have taken to the advice of some experts that predicted the downward slide […] The post Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline appeared first on ZyCrypto.

2018-11-19 17:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.