Crypto relief rally ends but Avalanche is keeping its head above water

Feb 9, 2022

By: BI India Bureau

Bitcoin, Ethereum, and the prices of other cryptocurrencies are in the red

The slump comes after a relief rally that kicked in last week

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Many analysts had predicted an extended bear market

And, it seems like they may have been right

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There’s one cryptocurrency still fighting to keep its head above water

Even as the overall market value is on the cusp of slipping below $2 trillion

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Avalanche, the so-called Ethereum-killer is trading at ₹6,314

Avalanche, the so-called Ethereum-killer is trading at ₹6,314

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Meanwhile, Bitcoin is trading at ₹32.3 lakh

Its price has dropped by 1.91 percent over the last 24 hours

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Ethereum is trading at ₹2.29 lakh

It has taken a bigger hit of 2.58 percent since yesterday

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Binance Coin’s price is trailing at ₹30,530

Its value is down by 5.84 percent over the course of the day

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Cardano’s ADA token is among the worst hit trading at ₹86.17

The ‘Ethereum Killer’ has seen a fall of 7.21 percent in 24 hours

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Solana’s price is ₹8,310

The cryptocurrency has taken a hit of 5.6 percent since yesterday

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Terra’s LUNA token is trading at ₹4,223

It has dipped by 4.31 percent over the course of the day

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Polkadot is almost the worst hit leading cryptocurrencies

At a price of ₹1,586, the coin has taken a hit of 6.69 percent in 24 hours

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Dogecoin’s price is at ₹11.57

It has fallen by 5.24 percent since yesterday

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Shiba Inu is seeing a similar dip of 6.46 percent

Its price is currently at ₹0.002288

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Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 8, 8:00 am IST and may change over the course of the day

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