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Cryptocurrency price today: Shiba Inu down 12%,  Dogecoin slips 10%; Bitcoin, Ether, Solana in red as crypto market cap falls below $1 trillion 

Cryptocurrency price today: Shiba Inu down 12%,  Dogecoin slips 10%; Bitcoin, Ether, Solana in red as crypto market cap falls below $1 trillion 

Crypto price today, August 29, 2022: Cryptocurrency markets are in deep red. Majority mainstream cryptocurrency tokens like Bitcoin, Ether, Solana, Cardano have slipped from their positions. Memecoins Dogecoin and Shiba Inu slipped up to 12 per cent. Stablecoins have also witnessed volatility.

Cryptocurrency prices, especially of Bitcoin, Shiba Inu, Dogecoin and others have shown a significant downtrend in the past 24 hours. Cryptocurrency prices, especially of Bitcoin, Shiba Inu, Dogecoin and others have shown a significant downtrend in the past 24 hours.

Cryptocurrency prices have shown a significant downtrend in the past 24 hours. The global cryptocurrency market cap is down by 1.97 per cent from Sunday’s levels. The cryptocurrency data aggregator CoinMarketCap showed that the global crypto market cap is at $946.59 billion. The total cryptocurrency market volume over the last 24 hours stands at $52.80 billion, 14.27 per cent lower than Sunday. Bitcoin’s dominance is at 39.75 per cent, a decrease of 0.11 per cent over the day.

Bitcoin, Ethereum, and BNB

Mainstream cryptocurrencies like Bitcoin, Ethereum, and BNB have slipped over the last 24 hours.

Bitcoin, the largest cryptocurrency by market cap, is trading at $19,629 and is down by 2.19 per cent. Ethereum blockchain network’s Ether showed a downtrend of 4.31 per cent. The cryptocurrency token is trading at $1,432.  BNB crypto, native to Binance Smart Chain, witnessed a downtrend of 0.41 per cent.

USDT, USDC, BUSD, and DAI

Stablecoins USDT, DAI, and BUSD have slipped down while USDC has gained over the last 24 hours.

USDT Tether stablecoin slipped 0.01 per cent in its value over the last 24 hours and is trading at $1. BinanceUSD or BUSD slipped 0.01 per cent and is trading at $1. Stablecoin DAI fell 0.08 per cent and is trading at $0.9991.

USDC witnessed a 0.01 per cent positive change in its value over the last 24 hours. The stablecoin is trading at $1. 

Layer 1 blockchain tokens  

Cryptocurrency tokens native to Layer 1 blockchain networks like Solana, Ripple, and Avalanche witnessed a downtrend over the last 24 hours.

Cardano's ADA token is down 5.16 per cent. Solana blockchain network’s SOL fell by 4.35 per cent. Avalanche's AVAX slipped by 2.35 per cent. Ripple blockchain’s XRP has fallen 4.20 per cent.

Polkadot and Polygon

Polkadot blockchain network’s DOT token is in the red. The cryptocurrency token is down by 2.29 per cent. Polygon’s MATIC crypto token has slipped by 5.53 per cent over the last 24 hours.

Memecoins

Both mainstream meme crypto coins, Dogecoin and Shiba Inu witnessed a huge downtrend. Dogecoin is down a whopping 10.92 per cent, whereas meme crypto Shiba Inu is down a significant 12.17 per cent over the last 24 hours.

Overall, the majority of top cryptocurrency tokens have slipped down from their previous positions over the last 24 hours.

Also Read: Cryptocurrency price today: Shiba Inu down 11% ; Doge, AVAX and Cardano slip 9% ; majority crypto tokens in red - BusinessToday

Also Read: Cryptocurrency price today: Bitcoin, Ethereum, Shiba Inu in green, Dogecoin down; majority tokens gain - BusinessToday

Published on: Aug 29, 2022, 8:00 AM IST
Posted by: aakanksha chaturvedi, Aug 29, 2022, 7:54 AM IST