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Aave [LEND] Sees 8% 24-Hour Loss, Leads Bearish Rampage Across Altcoin Market

Written by: Dare Shonubi

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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Jul 24, 2020

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The crypto market is flocking with “spoils of war” accrued during the bear markets which began about a day ago. Around 90% of altcoins are seen recording gains which may take a while to recover from.

The worst-hit in the last 24 hours is undoubtedly Aave, which seemed to have lost around 8% since the last day.

In today’s version of top market performers, we present a collection of coins which rode the market trend and raised much concerns.

This list will bring to the limelight, a crypto with a 24-hour notable performance, which would not be seen anywhere else.

#1. Aave (LEND 7.23% Loss):

LEND continues it’s losses of 2 days with today’s percentages. leading our category of top losers on today’s list, the coin is down by almost 25% within the last two days.

Aave [LEND] chart

LEND accomplished lustrously within the last year with a 6,286% profit. The coin made earnings last month with 126.4% and has gained around 50% in the last one week. The cryptocurrency is up by 1.8% in the last 24 hours.

Currently trading at $0.284, it appears the market sentiment is bullish in the short term. 71% of market respondents are bullish while 29% remain bearish on LEND.

#2. Algorand (ALGO 6.36% Loss):

ALGO comes second on our priority market watch list today having made loss equal to around 7%.

Algorand  chart

The coin retains a little market popularity among traders who believe ALGO may eventually bounce and recoil some gains. It’s rise to fall possibility ratio is around 73%:27%.

ALGO is having both a rough year and day. In the one year timeline, the coin is down by almost 50%. Also down by 8.3% in the last 7 days, ALGO enjoyed a 30% rise in the last month.

Currently trading at $0.32, ALGO’s market are altogether capped at $259 million amid exchange volumes around $95 million.

#3. Ontology (ONT 5.41% Loss):

Ontology is one of the top cryptos to have made consistent losses within many timeframes.

Ontology  chart

Making today’s list behind LEND and ALGO, ONT has lost around 25% since last year. Having also lost 3% in the last week, ONT is down by 0.1% within the last hour.

As of the time of writing, ONT is changing hands at $0.70 with a market cap of $450 million.

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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