The crypto market is operating in a negative zone due to the lack of a driving force that could take the market forward. However, following the significant increase in the market in recent weeks, a positive sentiment among investors continues to spread.
Current Status of Cryptocurrencies
Bitcoin started the week with a 0.41% decrease, trading at $37,297.73 at the time of writing. The market volume in the last 24 hours increased by 71.58% to $14.85 billion. Additionally, the crypto surpassed the $38,000 level last week after one year, which was considered an indicator of a positive sentiment in the market.
The king of altcoins, Ethereum, saw a 1.42% decrease, falling to $2,045.62, while the trading volume increased by 69.82% to $8.6 billion. On the other hand, the price of BNB continued its decline after the controversial events last week. The price, which dropped by 1.8% to $228.91, continues to concern investors.
XRP, the favorite of investors, is finding buyers at $0.6101 with a 1.61% decrease. Cardano (ADA), also among the top 10 altcoins, dropped by 0.67% to $0.3847.
Dogecoin saw a 2.31% increase in the last 24 hours and is trading at $0.08048. Meanwhile, Shiba Inu finds buyers at $0.00000835 with a 0.72% increase. Pepe Coin, on the other hand, dropped by 1% and reached $0.00000110 at the time of writing on Monday.
Top Performing Altcoins of the Day
Terra Classic is showing an incredible performance despite the decline in the market. The LUNC price, with its significant increase, reached $0.000010100 at the time of writing and did not disappoint investors. The recent gains in the LUNC price may also be attributed to the rise in the price of TerraClassicUSD (USTC), which once shared a common fate.
Axie Infinity demonstrated a different trend in the crypto asset sector on Monday, contrary to the downward trend. At the time of writing, Axie Infinity price was trading at $7.10 with a 6.13% increase, and its volume in the last 24 hours reached an extraordinary 362.52% increase to $440.89 million. In particular, the AXS price has increased by approximately 47% in the last 30 days.
Oasis Network saw a 0.74% increase on November 27th and continued to trade at $0.08215. The increase in price indicated an increased interest from investors. Furthermore, the volume of transactions yesterday also increased by 67.03% to $63.32 million during the same period. Additionally, the ROSE price has shown an approximately 64% increase in the last 30 days, adapting to the crypto market.
