While the market bleeds red, Stellar [XLM] and EOS lose to the bear too. The coins which are among the top 10 powerful coins have been suffering the curse of the market over the past few weeks and nothing has seemed to change now, other than the fact that they are slipping by large margins.
According to CoinMarketCap, the coin was valued at $0.1033 with a market cap of $1.98 billion. The coin’s 24-hour trade volume was $65 million and saw a fall of 7.40%, at the time of writing. The coin also registered a week’s falls by 7.95%.
According to the 24-hour trade volume, ZB.com registered the highest volume of $10 million with XLM/USDT. The second in line was Exrates which recorded a volume of $8.57 million with XLM/BTC pair. Exrates was followed by LATOKEN, which noted a volume of $8.22 million with XLM/BTC.
At the time of press, EOS was valued at $1.85 with a market cap $1.6 billion. The coin registered a 24-hour trade volume of $600 million with a fall of over 5%. The coin has plunged by 10.23% over a week.
As per the 24-hour trade volume, the coin recorded the highest trade volume on OKEx with $65 million volume for EOS/USDT pair. It was followed by Huobi, which recorded a $43 million with EOS/USDT pair. DigiFinex was the third in line to register a trading volume of $42 million with EOS/USDT pair.
XLM ranks fourth on the CoinMarketCap list, while EOS ranks sixth on the same list. The two coins have been struggling to maintain their standing on the list for a long time now.
According to an analyst over the current EOS ecosystem said;
“1/ Instead of discussing a BTC mining death spiral, perhaps we should be talking about EOS Block Producers turning off their operations. Although the narrative is that EOS BPs are financially well-off, many are currently underwater…”
Subscribe to AMBCrypto’s Newsletter