Crypto Bloodbath: Top Coins Tumble as MemeCore and AMO Soar Unexpectedly
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- Bitcoin, Ethereum, and Dogecoin tumble as major cryptocurrencies face sharp daily losses.
- MemeCore and AMO Coin surge over 60 percent despite broader market decline.
- Solana, Cardano, and TRON slide as investors shift attention to rising altcoins.
The cryptocurrency market saw a sharp correction in the past 24 hours, with major coins recording notable losses. Bitcoin (BTC) led the decline, dropping 0.8 percent to $108,225 after a brief period of fading price stability.
Ethereum (ETH) followed closely with a 0.8 percent decrease, falling to $2,552.90. Though the strength was witnessed on a weekly basis, the performance turned down on a daily basis, indicating a larger pullback in leading assets.
XRP dipped slightly by 0.2 percent to $2.26, while BNB (BNB) slipped 0.3 percent to trade at $659.82. The market shifted to the red, and both coins revealed signs of weakening momentum.
Also Read: XRP Registers Identical Inflows as Ripple Seeks U.S. Banking Approval
Solana (SOL) was one of the most significant declines in the top 30 cryptocurrencies, whose price decreased by 1.5 percent to 149.21 dollars. Cardano (ADA) dropped 1.4 percent to $0.5778, as well, continuing its lower trend that was observed earlier during the week.
TRON (TRX), in turn, fared slightly and dropped 0.2 percent to trade at 0.2871. Meanwhile, Dogecoin (DOGE) was the only coin that experienced the steepest drop, 3.5 percent to 0.1678. Lido Staked Ether (STETH) noted a decline of 0.7 percent, settling at $2,552.03.
MemeCore and AMO Defy Market Drop With Explosive Gains
As the market was experiencing selling pressure, small altcoins resisted and saw a huge surge. MemeCore (M) expanded by 70.3 percent to reach the price of 0.1891 USD on the back of an active daily amount of above 68 million USD.
Next was AMO Coin (AMO), with a 65.8 percent increase that rose to $0.001401 as the number of traders in the market increased. Vicion (VIC) rallied 37.9 percent to 0.3207 with the spurt of a good propulsion and marketability.
Cross (CROSS) gained 31.5 percent to 0.07797, and Sologenic (SOLO) went up by 28.3 percent to 0.3909. Build On BNB (BOB) rose by 26.4 percent to trade at the level of $0.078476, surpassing the course of the market.
The plain phenomenal difference between the falling giants and increasing micro-cap tokens emphasized the perceived change of investor mood and taste in trading speculation.
Top cryptocurrencies faced renewed pressure with notable daily losses, shaking market confidence. In contrast, select small-cap tokens surged, drawing attention amid the broader downturn.
Also Read: Stellar (XLM) Surges 5 Percent as Traders Rotate Away From XRP Momentum
The post Crypto Bloodbath: Top Coins Tumble as MemeCore and AMO Soar Unexpectedly appeared first on 36Crypto.
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