MPost Markets: Crypto winter continues; some coins are in the green

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We’re still in the middle of the crypto winter, but it seems the crypto crash is tentatively slowing down.

While bitcoin is still in the red, the price fell just barely over the last 24 hours and is down by 0.16%. The coin is now trading at $21,041.12 and has not yet fallen under the $20k mark. In fact, it’s been in the green for most of the day, only now seeing a tiny drop in price.

Bitcoin chart. Source: CoinGecko.

Similarly, the price of Ethereum’s ether has experienced a minimal drop of 0.12% and is now trading at $1,113.05.

However, we’ve got some positive news. Binance’s BNB is up by 1.94%, Cardano’s ADA by 2.20%, and XRP by 2.11%. Solana has seen a price spike of 9.23%, and Dogecoin is up by 5.32%. There have even been some rises of over 10%, with Elrond EGLD up by 14.09%, Helium HNT by 11.39%, Tron by 10.43%, Uniswap UNI by 10.31, and Arweave AR by 10.18.

The majority of NFT cryptos are also doing much better. While Flow has experienced a slight rise in price, with the price rising by 0.88%, other popular metaverse coins are doing much better. Decentraland’s MANA is up by 4.09%, Tezos by 1.59%, Theta Network THETA by 5.50%, The Sandbox’s SAND by 3.06%, and ApeCoin APE by 7.54%. As the metaverse cryptocurrencies are on the rise, so is the price of Metaverse Index MVI. Trading at $34.93, it is up by 4.68%.

MVI Chart. Source: CoinGecko.

We are clearly still in the crypto winter, and many of you may worry about your holdings and looking at the prices with a lot of anxiety and fear. Read up on how to survive a crypto winter, and remember that after every winter comes the thaw. No matter how bad everything seems now, it’s bound to get better.

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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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