Altcoin Rout: Ethereum, XRP, Litecoin, EOS Are Down More Than 10 Percent

The cryptocurrency market turns bloody with Ethereum, XRP, Litecoin, and other top cryptocurrencies recording double-digit losses

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Mon, 25/11/2019 - 7:15

Altcoin Rout: Ethereum, XRP, Litecoin, EOS Are Down More Than 10 Percent

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It might have been an incredibly bad day for Bitcoin, the biggest cryptocurrency, but most of the top altcoins took an even biggest hit. According to CoinStats data, Ethereum (ETH), XRP (XRP), Litecoin (LTC), and EOS (EOS) are all down by more than 10 percent.

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Cosmos and Matic save the day

At the time of writing Cosmos (ATOM) is a lone green spot in this crypto market bloodshed. The token managed to stay above the fray with a tiny 0.68 percent increase over the last 24 hours. Prominent trader "Crypto Dog" says that ATOM could bounce hard once Bitcoin calms down. The top cryptocurrency is inching closer to its titanium support that persisted throughout the 2018 bear market.

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Bought more $ATOM (trading vs USDT), ratio pair mooning while BTC dumps, USDT value barely affected.

I think atom bounces hard once BTC chills for a minute. pic.twitter.com/KLr23Ojcis
— The Crypto Dog? (@TheCryptoDog) November 25, 2019

Matic (MATIC), which made headlines because of its amazing returns earlier this year, is up by more than eight percent over the last 24 hours, the third best-performing coin inside the top 100 after Fusion (FSN) and Streamr DATAcoin (DATA).

$MATIC Significant breakout. Watching for a retest of this level. pic.twitter.com/vdraV86hjD
— CryptoDude (@cryptodude999) November 25, 2019

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Top altcoin losers

Maker (MRK) has seen 20.25 percent of its value trimmed, becoming the today's top loser. Speaking of other coins that are struggling big time, Zcash (ZEC) definitely deserves a mention. With its price plunging to just $25.88, one of the top privacy coins has recently reached its new all-time low.

Meanwhile, XRP is currently trading at its lowest level since November 2017.

#Ethereum Price Prediction #XRP Price Analysis #Litecoin Price Prediction #EOS Price Prediction

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.