Solana Slides 17% to Lead Losses Amid Crypto Market Plunge
- Date: 26-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Solana Slides 17% to Lead Losses Amid Crypto Market Plunge
Major cryptocurrencies fell as much as 17% in 24 hours as the crypto market followed a broader decline in U.S. stock index futures on Monday. Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to under $33,700 at the time of writing after trading above $34,000 in Asian morning hours.
Solana's SOL token was down 17%, changing hands at $84.17, data from analytics tool CoinGecko showed. SOL was among the top performers in 2021, rising from $3 at the start of last year to over $259 in November. It's down 67% from its all-time high, and 42% lower than last Monday.
Similar losses were seen on ether and the tokens of Cardano (ADA), Polkadot (DOT) and Binance Coin (BNB), which fell nearly 10% each in the past 24 hours. DOGE, the token of Dogecoin, fell 7% in the same period, among the smallest declines of the top 10 cryptocurrencies by market capitalization.
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