Ethereum

Notcoin

Solana

Helium

Helium (HNT), Notcoin (NOT) and Dowgwifhat (WIF) are the biggest losers during the <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">recent </a>3% crypto market correction as the top 10 all tumble and an analyst warns of a “final scare.”
HNT plunged more than 10% to trade at $6.53 as of 7:45 a.m. EST. NOT also suffered a more than 10% drop in price throughout the past trading session, while Solana meme coin WIF shed over 8% of its value during the same period.
<h2 id="span-style-font-weight-400-all-of-the-top-10-undergo-a-pullback-in-latest-crypto-market-correction-span">All Of The Top 10 Undergo A Pullback In Latest Crypto Market Correction</h2>
Market leaders <a href="https://insidebitcoins.com/news/bitcoin-price-slips-to-57k-amid-positive-cpi-report-but-experts-say-this-olympic-meme-coin-might-10x" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and Ethereum (ETH) both suffered 24-hour price drops of more than 3%. BTC remains below the $60K mark at $58,501.13. ETH, on the other hand, maintains a position above the $2.5K support, and trades at $2,627.56.
<img decoding="async" class="alignnone wp-image-565078" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-15-132311-300x161.png" alt="crypto market correction" width="803" height="431" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-15-132311-300x161.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-15-132311-1024x548.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-15-132311-768x411.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/08/Screenshot-2024-08-15-132311.png 1505w" sizes="(max-width: 803px) 100vw, 803px">
Top to cryptos by market cap (Source: CoinMarketCap)
Binance Coin (BNB), which is the fourth largest crypto by market cap, remittance token XRP and Ethereum competitor Cardano (ADA) each only suffered a 1% 24-hour loss. While BNB and ADA&nbsp; remain in the green on the weekly time frame, the same cannot be said for <a href="https://insidebitcoins.com/news/xrp-price-jumps-2-as-rumors-for-xrp-etfs-resurface-but-bullish-traders-are-flocking-to-this-crypto-for-its-226-apy" rel="noopener noreferrer nofollow">XRP</a>. <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data shows XRP plummeted more than 8% in the past 7 days.
Solana (SOL) dropped over 3%. Meanwhile, Dogecoin (DOGE) and Toncoin (TON) fell over 2% and 7%, respectively.
<h2 id="span-style-font-weight-400-analyst-warns-of-a-final-scare-span">Analyst Warns Of A “Final Scare”</h2>
An analyst by the name of Miles Deutscher noted that BTC is following a trend very similar to summer 2023. As such, he anticipates that there will be a “few more weeks of apathy,” followed by “a final scare” before a “massive expansion to the upside.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The current <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> price action is ridiculously similar to summer 2023 (basically the exact same fractal).
 If it's any indicator of what's next, expect a few more weeks of apathy, a final scare, and then massive expansion to the upside in Q4/Q1. <a href="https://t.co/MAUDz4L7JN" rel="noopener noreferrer nofollow">pic.twitter.com/MAUDz4L7JN</a>
 — Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1823191574907625530?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 13, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Pseudonymous trader Elja <a href="https://x.com/Eljaboom/status/1824030321211248757" rel="noopener noreferrer nofollow">shared</a> a short-term outlook in an Aug. 15 X post, and said that BTC is currently breaking down. His post included a picture of a bearish rising wedge pattern that formed on BTC’s 1-hour chart. He subsequently warned that that $56.5K-$57K level failing to hold could lead to the crypto king dumping to $54K.
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Helium, Notcoin And Dogwifhat Lead The 3% Crypto Market Correction As The Top 10 Cryptos All Tumble, Analyst Warns Of “Final Scare”

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