Artificial Superintelligence Alliance

Beam

Arweave

Loom Network

<p class="is-style-lead">Altcoins Beam, Artificial Superintelligence Alliance, Mantra, and Arweave have all suffered double-digit losses, ranking as the top losers of the day.</p> 
<h2 class="wp-block-heading" id="beam">Beam</h2> 
<p>Beam (<a href="https://crypto.news/price/beam/" target="_blank" rel="noreferrer noopener">BEAM</a>) led the charge of the top losers seen on Aug. 12, falling 13% at $0.012 per price data from crypto.news. The token’s daily trading volume was hovering around $38.9, with its market cap standing at the $650 million mark.</p> 
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  <img loading="lazy" decoding="async" width="928" height="544" src="https://crypto.news/app/uploads/2024/08/BEAMUSDT_2024-08-12_12-55-21.png" alt="Beam, FET, Mantra, and Arweave lead altcoin declines with double-digit losses - 25"> 
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  BEAM price chart – Aug. 12 | Source;<a href="https://crypto.news/price/beam/" target="_blank" rel="noreferrer noopener"> crypto.news</a>
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<p>Beam’s recent decline comes after it was the top gainer on August 11, driven by<a href="https://crypto.news/beam-plummet-december-lows-triggers-whale-accumulation/" target="_blank" rel="noreferrer noopener"> increased interest from whales </a>who began accumulating the asset. According to reports from crypto.news, this significant whale activity pushed BEAM into overbought territory.</p> 
<p>The current drop in Beam is attributed to a price correction following its previous surge, which was fueled by whale accumulation. This overbought condition suggested a likely sell-off as investors moved to secure profits.</p> 
<h2 class="wp-block-heading" id="artificial-superintelligence-alliance">Artificial Superintelligence Alliance</h2> 
<p>Artificial Superintelligence Alliance (<a href="https://crypto.news/price/fetch-ai/" target="_blank" rel="noreferrer noopener">FET</a>) had also dropped by 11%, being traded at $0.8236 at press time. The AI token had a daily trading volume of $146.5 million, with its market cap falling under $2.1 billion.</p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14290950"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/FETUSDT_2024-08-12_12-57-50.png.webp"> 
  <img loading="lazy" decoding="async" width="928" height="544" src="https://crypto.news/app/uploads/2024/08/FETUSDT_2024-08-12_12-57-50.png" alt="Beam, FET, Mantra, and Arweave lead altcoin declines with double-digit losses - 26"> 
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  FET price chart – Aug. 12 | Source; <a href="https://crypto.news/price/fetch-ai/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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</figure> 
<p>The latest drop in FET erased all of the gains it experienced yesterday when it jumped 12% and was trading at $0.938. The AI token had also dipped by 24% over the past week.</p> 
<p> You might also like: <a href="https://crypto.news/binance-to-convert-monero-bitcoin-gold-to-usdc-delist-loom-network/"> Binance to convert Monero, Bitcoin Gold to USDC, delist Loom Network </a> </p> 
<h2 class="wp-block-heading" id="mantra">Mantra</h2> 
<p>Mantra (<a href="https://crypto.news/price/mantra/" target="_blank" rel="noreferrer noopener">OM</a>) had dropped 10.7%, trading at $095 at press time. The digital currency’s market cap has dropped to $803 million. Additionally, the 84th largest crypto asset is showing a daily trading volume of $28.5 million.</p> 
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 <picture loading="lazy" decoding="async" class="wp-image-14290951"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/OMUSD_2024-08-12_12-59-26.png.webp"> 
  <img loading="lazy" decoding="async" width="928" height="544" src="https://crypto.news/app/uploads/2024/08/OMUSD_2024-08-12_12-59-26.png" alt="Beam, FET, Mantra, and Arweave lead altcoin declines with double-digit losses - 27"> 
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  OM price chart – Aug. 12 | Source; <a href="https://crypto.news/price/mantra/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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</figure> 
<p>MANTRA is a decentralized financial services ecosystem and dApp developed on the Rio Chain. The platform is governed by its community and leverages interoperable technology, with a focus on staking, lending, and incorporating real-world assets into the defi ecosystem.</p> 
<h2 class="wp-block-heading" id="arweave">Arweave</h2> 
<p>Arweave (<a href="https://crypto.news/price/arweave/" target="_blank" rel="noreferrer noopener">AR</a>) declined 10% over the past day, trading at $20. Its daily trading volume was hovering around $46.5 million while its market cap was still standing at $1.3 billion.</p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14290952"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/ARUSDT_2024-08-12_13-00-04.png.webp"> 
  <img loading="lazy" decoding="async" width="928" height="544" src="https://crypto.news/app/uploads/2024/08/ARUSDT_2024-08-12_13-00-04.png" alt="Beam, FET, Mantra, and Arweave lead altcoin declines with double-digit losses - 28"> 
 </picture> 
 <figcaption class="wp-element-caption">
  AR price chart – Aug. 12 | Source; <a href="https://crypto.news/price/arweave/" target="_blank" rel="noreferrer noopener">crypto.news</a>
 </figcaption>
</figure> 
<p>Arweave is recognized for its decentralized storage solution, which operates on AI-enhanced blockchains.</p> 
<p>Recently, co-founder Sam Williams introduced the Arweave AO protocol, a sophisticated computing framework designed to enable parallel executions for proof-of-stake computations. This protocol is aimed at meeting the increasing demands of social media and AI applications on blockchain technology.</p> 
<p>The recent decline in these altcoins coincides with a 4% drop in Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>), the largest cryptocurrency by market capitalization, over the past 24 hours, <a href="https://crypto.news/bitcoin-drops-4-as-156-4m-in-liquidations-hits-crypto-market/" target="_blank" rel="noreferrer noopener">leading to $155.25 million in liquidations</a> across the crypto market.</p> 
<p>According to data from CoinGecko, the broader crypto market has fallen by 4.23% in the last 24 hours, bringing its total value down to $2.06 trillion.</p> 
<p>Market sentiment in the crypto space is currently extremely fearful, driven by ongoing political conflicts, <a href="https://crypto.news/bitcoin-spirals-below-55k-for-first-time-july-13/" target="_blank" rel="noreferrer noopener">geopolitical tensions</a>, and other <a href="https://crypto.news/aug-15-crucial-date-as-bitcoin-and-altcoins-continue-to-rise/" target="_blank" rel="noreferrer noopener">macroeconomic factors</a> contributing to increased volatility.</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-drops-4-as-156-4m-in-liquidations-hits-crypto-market/"> Bitcoin drops 4% as $156.4m in liquidations hits crypto market </a> </p>

Beam, FET, Mantra, and Arweave lead altcoin declines with double-digit losses

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