Solana, Polkadot and Avalanche heaviest hit in the latest crypto market dip

Feb 3, 2022

By: BI India Bureau

Credit: Canva

The market has turned red after some temporary relief yesterday

It’s down by 4.01 percent in the last 24 hours

Avalanche, Solana, and Polkadot are the heaviest hit

All three have gone down by nearly 10 percent since yesterday

The market dip was unexpected

According to analysts, it indicates that the overall sentiment remains negative

Large investors still see this an opportunity to ‘buy the dip’

According to Whalemap, investors holding between 100 to 10,000 BTC have been rising

As things stand, Bitcoin is priced at ₹27.6 lakh

The cryptocurrency is down by 4.57 percent in the last 24 hours

Ethereum is trading at ₹2 lakh

Its price has taken a hit a 3.77 percent since yesterday

Binance Coin’s rate is at ₹27,498

It has dipped by 3.7 percent over the course of the day

Credit: Canva

Cardano’s value stands at ₹77.17

It’s down by 6.22 percent since yesterday

Meanwhile, Solana is priced at ₹7,436

It has taken double-digit hit of 10.98 percent in the last 24 hours

Credit: Canva

Terra’s LUNA token is trading at ₹3,551

The cryptocurrency is down by massive 8.35 percent over the course of the day

Credit: Canva

Dogecoin is priced at ₹10.34

It’s down by 3.18 percent since yesterday

Polkadot’s value stands at ₹1,379

Like Solana, it’s taken a big hit of 9.44 percent in the last 24 hours

Avalanche is trading at ₹5,083

It’s down by 8.19 percent since yesterday

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 3, 9:00 am IST and may change over the course of the day.

Credit: Canva

Ether, Cardano and Solana surge in trade, most altcoins in the green