As of 10th 00:30, the domestic cryptocurrency market showed a mixed trend with clear disparities between rising and falling tokens. Some tokens drew investor attention with sharp increases, while others showed significant declines. The market overall reflected a dispersed sentiment with complex indicator movements.
On this day, Tether (USDT) recorded the highest net buying volume on Upbit and Coinbit, gaining significant attention as a cash-like asset. Investors appear to be concentrating their buying on Tether to respond to market volatility. Additionally, Bitcoin (BTC) and XRP each ranked top in net buying on Coinone, while TRON also ranked high on Upbit. This is interpreted as a defensive buying trend toward safe assets and some altcoins.
Among top-performing tokens, ARDR drew attention by recording significant increases on both Upbit and Bithumb. LOOKS showed strong upward movement on Coinbit, and EVER demonstrated a notable price increase on Coinone. On Bithumb, A8 exhibited high volatility with a substantial short-term price rise.
Conversely, several tokens showed significant declines. Particularly, RARI recorded the largest drop on Coinbit, while MLK, RLY, GLMR, and POKT consecutively declined on the same exchange, reflecting subdued investment sentiment. These tokens' movements are attributed to profit-taking after short-term surges or increased volatility due to reduced trading volume.
In trading volume, XRP ranked first and third on Upbit and Bithumb respectively, drawing market attention. Bitcoin and ETH also ranked high on Upbit with significant trading volumes, and ARDR ranked high in trading volume on Upbit alongside its price increase. This is interpreted as a combination of short-term price movements and investor participation.
According to Bonanza Lab data, while the overall market showed intersecting rising and falling trends, net buying indicated a preference for assets emphasizing stability. The concentration of funds in cash-like assets like Tether demonstrates the spread of defensive positioning amid market uncertainty. The current market requires a strategy focusing on tokens that combine stability and trading volume, rather than recklessly chasing short-term surge tokens.
| Cryptocurrency | Price | Rate of Change | Exchange |
|---|---|---|---|
| ARDR | 98.6 | 57.4 | Upbit |
| ARDR | 98.31 | 56.7 | Bithumb |
| LOOKS | 20.97 | 54.5 | Coinbit |
| EVER | 12.1 | 47.6 | Coinone |
| A8 | 175 | 32.9 | Bithumb |
Real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
