Giant Company Sells: These 12 Altcoins Are Painted Red!

Giant Company Sells: These 12 Altcoins Are Painted Red!
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The global crypto market price has also dropped 0.01% in the last 24 hours. Santiment tweeted yesterday that the metric of altcoin projects held by DCG has dropped over the past few days. The coins that lost the most in Digital Currency Group’s portfolio were NEAR, ETC, YGG and MANA. Here are the details…

Cryptocurrency market is down on a weekly basis

A tweet from blockchain analytics firm Santiment shows that cryptocurrencies at the Digital Currency Group (DCG), owned by Barry Silbert, have fallen hard in recent days. According to the tweet, ETC, FLOW, MASK, FIL, OCEAN, YGG, RSR, DOT, LPT, MANA, BAT, NEAR are in the middle of the list of affected cryptocurrencies. According to CoinMarketCap, the global cryptocurrency market price is currently down 0.01%. As a result, the global crypto market costs around $811 billion.

Giant Company Sells: These 12 Altcoins Are Painted Red!

The total 24-hour process volume in the market also saw a decline. Currently, the total process volume has decreased by 12 percent compared to yesterday. Thus, it is at the level of 32.38 billion dollars. Genesis, one of DCG’s companies, has suspended the withdrawal processes for almost a month. Also, some coins in its portfolio fell after DCG’s “rumored bankruptcy”.

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Altcoin projects in DCG’s portfolio fell hard in 7 days

First of all, Ethereum Classic (ETC) saw its price drop more than 14 percent last week following its news. In this middle, Flow (FLOW) price is down 19.5 percent in the last 7 days. The price of Mask Network (MASK) fell 29 percent. Filecoin (FIL) and Ocean Protocol (OCEAN) saw weekly losses of 31.9 percent and 6 percent, respectively.

Giant Company Sells: These 12 Altcoins Are Painted Red!

Yield Guild Games (YGG), Reserve Rights (RSR), Polkadot (DOT), Livepeer (LPT) and Decentraland (MANA) prices also fell. These coins have lost value in the last 7 days, respectively, in the following form: 22.30 percent, 21.90 percent, 14.52, 16.33 and 21.43 percent. The last two cryptocurrencies on DCG’s list, Basic Attention Token (BAT) and Near Protocol (NEAR), also suffered weekly double-digit losses. Currently, the price of BAT is down 16 percent week on week, while the price of NEAR is down 23 percent. Apart from these, there are cryptos that have not fallen but are still in DCG’s portfolio. DCG has the following coins in its portfolio:

  • Hedera Hashgraph (HBAR)
  • Filecoin (FIL)
  • Flow (FLOW)
  • Zcash (ZEC)
  • Decentraland (MANA)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Reserve Rights (RSR)
  • Horizon (ZEN)
  • Ocean Protocol (OCEAN)
  • Civic (CVC)
  • API3 (API3)
  • Handshake (HNS)
  • Ethereum Classic (ETC)
  • The Graph (GRT)
  • Stacks (STX)
  • Basic Attention Token (BAT)
  • Livepeer (LVP)
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