June was another very bearish month for bitcoin (BTC), but many altcoins took even harder blows. The total market capitalization of all cryptocurrencies was still around $1.28 trillion in early June and was able to recover just above $1 trillion last week. In recent days, however, the total market value has fallen back below $1 trillion and currently stands at $900 billion.
— IT Tech (@IT_Tech_PL) July 3, 2022
Ethereum drops 42% in June
Although ethereum (ETH) has risen by 2.2% in the past 24 hours, the price is down 15% this week and 42% this month. ETH was still above $1,800 at the beginning of June and became a week turned down around $1,250 ago. On Thursday, ETH briefly dipped below $1,000, but the price has since consolidated around $1,050.
ETH strikers by entry price pic.twitter.com/iHiZRmz7ZU
— Will Sheehan (@wilburforce_) July 1, 2022
AVAX, DOT, BNB are down 30+%
The rest of the largest crypto was also hit hard in June, albeit slightly less so. Avalanche (AVAX) is down 1% today, but even 25% down this week. AVAX lost 35% of its value in June and currently stands at $16.
Polkadot (DOT) is already down 17.6% compared to last week and even 32% down compared to month ago. DOT currently stands at $6.7, the same price it was 24 hours ago.
Binance coin (BNB) is up 0.8% in the past 24 hours to a price of $217. Yet that is still 9.5% down compared to a week ago and even 30% compared to a month ago.
TRX, ADA, XRP, SOL Down Nearly 25%
Tron (TRX) is down 2% today and 2.5% this week to $0.06. That is almost 25% below the TRX price from a month ago.
Cardano (ADA) held up slightly better and is up 1% today. However, with a price of $0.448, ADA is still 10% down this week and 24% down this month.
Ripple (XRP) fell as much as 15% last week, and 23% this month. XRP is currently at $0.31 with which the price is 0.5% in the plus today.
Solana (SOL) is up 1.6% today and comes in at $32.7. SOL took a heavy blow this week, falling by a whopping 22.5%. Nevertheless, SOL was able to rise just as hard in mid-June, so that the price is ‘only’ 20% lower than a month ago.
Meme coins held up best in June
We see such a pattern with dogecoin (DOGE). DOGE was able to rise sharply a week ago, so that the price is only 21% in the minus in June. Still, DOGE is still down 2% today to $0.65.
Shiba inu (SHIB) held up best among the major crypto in June and also made a big jump a week ago. As a result, the price is ‘only’ 11.5% down compared to the beginning of June. Still, SHIB is down 16% this week to $0.0000099.
Crypto top 100 hardest fallers and risers
Problems at KuCoin are causing the KCS token to drop 6% to $8.5 today. KCS is down 23% this week and a whopping 52% down compared to a month ago. CEO Johnny Lyo denies the problems and calls it fear, uncertainty & doubt (FUD):
Be aware of FUDs!
Not sure who’s spreading these sheer rumors, and what their intentions are, but #KuCoin does not have any exposure to LUNA, 3AC, Babel, etc.
No “immense suffer” from any “coin collapse”, no plan to halt withdrawal, everything on KuCoin is operating well.
— Johnny_KuCoin (@lyu_johnny) July 2, 2022
In contrast, today nem (XEM) is 14% in the plus, synthetix (SNX) 15% and theta fuel (TFUEL) no less than 19%.
However, sandbox (SAND), dash (DASH), decentraland (MANA), enjin coin (ENJ), aave (AAVE) are all down 20% this week. For polygon (MATIC), graph (GRT) and waves (WAVES) this is already 21%. Huobi (HT), zilliqa (ZIL), zcash (ZEC) and near (NEAR) are down 22%. Axie infinity (AXS) is down 23% this week, gala (GALA) 25% and thorchain (RUNE) even 26%.
Over the whole of June, many crypto fell even harder. Zcash (ZEC) is down 42% from a month ago, monero (XMR) 43%, bitcoin cash (BCH) 45%, klay (KLAYTN) 46%, waves (WAVES) 47%, aave (AAVE) and chain (XCN) 49%. For kucoin token that is 52% and for defi chain (DFI) even 62%.
Terra Luna Classic is rising fast
Then we have the recently collapsed price of terra (LUNA). The new LUNA token currently stands at $2.1 and is up 6% this week. However, that is still a drop of 70% in June.
The old LUNA token, terra luna classic (LUNC), on the other hand, is no less than 112% in the plus this week and 24% in the plus this month. LUNC currently stands at $0.000125, which is a whopping 12,000% increase if you bought at the all-time low in mid-May. However, that is still 100% below the price before the crash.
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