MPost Markets: Crypto prices remain volatile

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Crypto prices remain unstable.

Although bitcoin surpassed the $30K line for a while today, the price has since slid below the mark and the coin is now trading at $29,848.03. The price has not changed dramatically since yesterday, though—the 24-hour change is just 0.56% in the negative.

Bitcoin chart. Source: CoinGecko.

Ethereum’s ether is not doing great, either. It’s now trading at $1,765.38, a 3.36% loss. Binance’s BNB and XRP have both experienced a small fall, of 1.21% and 0.78% respectively. BNB’s market cap has again surpassed Cardano’s ADA’s, which is down by 3.39%. The price of Solana SOL has slid another 4.50%. On the other hand, Internet Computer ICP has seen a rise of 5.59%, Bitcoin SV by 3.72%, and Stellar XLM by 1.70%.

Similarly, a lot of metaverse cryptocurrencies have incurred losses. Flow’s price has fallen by 3.52%, Decentraland’s MANA by 0.48%, ApeCoin APE by 2.84%, Tezos by 0.74%, The Sandbox’s SAND by 3.25%, and Axie Infinity’s AXS 1.93%. The price falls have not been as bad as yesterday, but it’s clear that the bear market is not letting up.

That’s not to say that all metaverse cryptos are performing badly. LABEL Foundation LBL is up by15.82%, Boson Protocol BOSON by 6.66%, Gem Exchange and Trading by 5.23%, and Origin Protocol OGN by 5.16%.

Also, even with many cryptocurrencies in the red, the Metaverse Index MVI is in the green. It’s experienced a small rise of 1.22%.

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Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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