Over the weekend, the kritpo market recorded a decline driven by the declining Bitcoin (BTC) price movement.
The price collapse of this crypto king continued until early this morning when it touched the $ 39,554.87 level and was still hovering in the $ 39,000 zone at the time of writing the article.
The majority of major altcoins bearing this negative impact started with Ethereum (ETH), trading at $ 2,989.42, down 2.3%, followed by Solana (SOL)-$ 100.41 (-1.47%); XRP-$ 0.75 (-3%); Dogecoin (DOGE)-$ 0.14 (-2.23%); Shiba Inu (SHIB)-$ 0.00002491 (-2.81%); Cardano (ADA)-$ 0.9199 (-3.27%); and Terra (LUNA)-$ 78.15 (-3.24%).
In contrast to Decred (DCR), FTX Token (FTT), PancakeSwap (CAKE), and Monero (XMR) which recorded price increases of around 0.90% -26% in 24 hours.
Here are the details of what applies to these tokens:
Decred (DCR) - $ 71.60 (+26.50%)
Is one of the privacy tokens (privacy token)
Investors turn to DCR because of the nature of this token which is protected from any trackers of their financial activity.
This is also likely to have something to do with DeFi sector investors who are also interested in privacy tokens.
FTX Token (FTT) - $ 43.73 (+4.32%)
April 11-Forbes announces a non-fungible token (NFT) project in collaboration with FTX.
Coachella has developed the NFT marketplace platform on the Solana network with integration into FTX.
The collaboration between FTX and Coachella has offered a wide range of NFT collections:
Key attractions: Coachella Keys - lifetime access to Coachella, limited to only 10 NFTs.
As a memento of attendance: 2022 In Bloom - a free NFT that can be redeemed by all Coachella participants, and has certain privileges.
PancakeSwap (CAKE) - $ 8.30 (+1.11%)
It is the first and largest decentralized exchange (DEX) in the BNB Chain.
It may have something to do with the listing of Creature Hunters (CHTS) tokens on PancakeSwap.
Creature Hunters is a blockchain -based game that uses NFT technology.
BNB has launched an Easter Campaign with PancakeSwap with various rewards offers.
Currency (XMR) - $ 238.44 (+0.92%)
Privacy tokens that also get attention.
The surge factor is linked to the Russian-Ukrainian war as many investors realize that their money does not belong to them if it is kept in a financial institution with oversight from the government.
This refers to service restriction orders and crypto payments issued by the European Union (EU) and western countries.
