Solana, Polkadot and Avalanche heaviest hit in the latest crypto market dip

Feb 3, 2022 By: BI India Bureau

The market has turned red after some temporary relief yesterday

It’s down by 4.01 percent in the last 24 hours Credit: Canva

Avalanche, Solana, and Polkadot are the heaviest hit

All three have gone down by nearly 10 percent since yesterday Credit: Canva

The market dip was unexpected

According to analysts, it indicates that the overall sentiment remains negative Credit: Canva

Large investors still see this an opportunity to ‘buy the dip’

According to Whalemap, investors holding between 100 to 10,000 BTC have been rising Credit: Canva

As things stand, Bitcoin is priced at ₹27.6 lakh

The cryptocurrency is down by 4.57 percent in the last 24 hours Credit: Canva

Ethereum is trading at ₹2 lakh

Its price has taken a hit a 3.77 percent since yesterday Credit: Canva

Binance Coin’s rate is at ₹27,498

It has dipped by 3.7 percent over the course of the day Credit: Canva

Cardano’s value stands at ₹77.17

It’s down by 6.22 percent since yesterday Credit: Canva

Meanwhile, Solana is priced at ₹7,436

It has taken double-digit hit of 10.98 percent in the last 24 hours Credit: Canva

Terra’s LUNA token is trading at ₹3,551

The cryptocurrency is down by massive 8.35 percent over the course of the day Credit: Canva

Dogecoin is priced at ₹10.34

It’s down by 3.18 percent since yesterday Credit: Canva

Polkadot’s value stands at ₹1,379

Like Solana, it’s taken a big hit of 9.44 percent in the last 24 hours Credit: Canva

Avalanche is trading at ₹5,083

It’s down by 8.19 percent since yesterday Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 3, 9:00 am IST and may change over the course of the day. Credit: Canva