BNB is the only cryptocurrency with a positive performance these days when the financial markets are experiencing a major correction. While BNB remains the only altcoin project in the “green zone”, most of the crypto market is bleeding. Details Cryptocoin. at com.
Altcoin that stays green
Binance Smart Chain becomes the only asset to remain in the green zone at this time when all cryptocurrencies are in red, with a capitalization exceeding $10 billion. According to CoinMarketCap, Bitcoin, Ethereum and other cryptocurrencies entered the red zone as the market continued to bleed ahead of the US market opening. The market has already lost close to $200 billion in value, as reflected by metrics on CoinMarketCap. The biggest assets in the market like Bitcoin and Ethereum are falling at the following varying rates, accompanied by anti-leaders of the rally like Terra (LUNA) and Avalanche (AVAX) for that matter.
Luna has been losing more than 20% of its value in the last 24 hours. While maintaining its lead as the fastest growing asset in the last market correction, it fell victim to increased volatility and reached the price previously observed in November. Luna also remains the biggest loser in the past seven days, losing 34% of its value in a market sale. Unfortunately for crypto traders, there are no positive market-performing positions in the market this week. The only asset whose performance can be considered neutral is BNB, which has neither lost nor gained value in the past seven days. Among the biggest losers in the market are cryptocurrencies like Solana, Shiba Inu, and Polkadot. The “Ethereum killer” has lost 25% of its value, reaching $87 while previously trading close to $200. The rapid drop in price may have been caused by issues with network and transaction processing, which caused the developers to release the update that fixed the issue. At the time of writing, the total cryptocurrency market cap remains at $1.6 trillion, while Bitcoin is trading at $36,260.
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