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Top Tokens Struggle To Make Gains, No Positive Developments

The top cryptocurrencies have been struggling to gain. The prices of top tokens reamined more or less static over the weekend with little changes. The pressure from sell-off continues to take a toll on the value of the top tokens. 

Bitcoin, the leading cryptocurrency tokens, have been trading below the $32,000 mark. The top cryptocurrency is struggling to stay above the $30,000 mark amidst sell pressure. While Bitcoin at its peak had crossed the total market capitalization of one trillion dollars, currently, it’s down by over 40% to $594 billion.

On the other hand, the biggest altcoin by market size Ethereum continues to trade below the $2000 mark. Ether’s downward trend is recurring and the tokens have only lost value over the past week. On Monday, the second leading tokens were exchanging ownership below $1,900 and had dropped by over 3% in value in the past 24 hours. It’s market capitalization stands at $221.33 billion. 

The other major cryptocurrencies also dropped in value. All tokens like  XRP, Cardano, Stellar, Dogecoin, Chainlink, Polkadot, and Litecoin have been trading lower than what they were just a few weeks ago. The bearish momentum in the market and no positive developments has made it rather static.

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