NSDX is on for a rally amid increased developments on the network as BTC and ETH recorded more losses amid today's bear market.
Today’s market session continues to face a bearish momentum with the global market cap recording a decline of 1.9% within 24 hours, taking the total cap to $1.16T as of press time.
Bitcoin has continued to drop further as the asset dropped back to the $27K level as of today’s early trading session. Trading at #27,350, the asset had recorded a 2.4% drop in valuation as well as a 10% drop in weekly valuation. Bitcoin’s trading volume had also seen a decrease of 7.6% as of writing.
BTC 1-day chart | Source: CoinMarketCap
Ethereum as well is on for a tough day, as the asset recorded a loss of 3% within the same period and a weekly drop of 11%, taking back the asset below the $1.9K level. With a trading volume increase of 3% within 34 hours, ETH was trading at $1,856 as of press time.
How are altcoins diong?
BNB seems to be recovering from its recent plunge recording a 1.8% increase within 24 hours despite today’s slow market day. The asset, whose trading volume had surged by 54% within the same period, was trading at $323 at press time.
BNC 1-day chart | Source: CoinMarketCap
Other renowned altcoins are having a slow day with Ripple, Solana, Cardano, Doge, MATIC, and AVAX registering price decreases as the market seems to be on a general dip.
Arbitrum currently sitting on top of CoinMarketCap’s trending list, has recorded a 4% increase within 24 hours defying the bear odds as its market cap also rose by 45 according to CoinMarketCap data.
Today’s top gainer is bagged by NASDEX boasting a 60% increase within 24 hours and an impressive 2244% weekly gain. The monthly increase in price valuation also stands at an impressive 3720%.
NASDEX 1-day chart | Source: CoinMarketCap
This comes ahead of what has been a busy couple of weeks with NASDEX offering staking rewards as well as a couple of new partnerships. The many activities on the assets network might have been directly attributed to the token’s recent surge due to increased activity on the network, as the trading volume rose by 54% within 24 hours.