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Traders Turn on ADA, TRX and EOS, Causing Their Prices to Fall

Cryptocurrency Oct 06, 2022 04:30AM ET
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Traders Turn on ADA, TRX and EOS, Causing Their Prices to Fall
 
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  • Sentiment for ADA, TRX and EOS are negative as traders turn on these coins.
  • The prices for all three of these altcoins have dropped over the last 24 hours.
  • In related news, the global crypto market has risen 0.31%.

According to data tweeted by the blockchain analytics firm, Santiment, Cardano (ADA), EOS, and Tron (TRX) have seen crypto traders begin to turn on them. This can be seen in the price performance of all three of these altcoins which has been particularly rough throughout this year.

However, the tweet added that “the capitulation may soon lead to price rebounds to reel them back in.”

Trader interest for ADA, EOS, and TRX (Source: Santiment)

As can be seen from Santiment’s data, the sentiment for the three altcoins has turned very negative. This already negative sentiment grows even more so as the prices of these coins fall.

CoinMarketCap shows that all three of these altcoins experienced losses over the last 24 hours. At press time, the price of ADA is trading at $0.4331 after dropping 0.11%, TRX is trading at $0.06253 following its 0.17% decrease in price, and the price of EOS stands at $1.18 after it fell 1.09%.

In terms of market cap, ADA is ranked the highest of the three at number 8 with its estimated market cap of $14,857,757,717. Next is TRX at number 15 with its market cap of $5,773,906,179. EOS is positioned much lower on the list at 45, with its market cap of $1,185,170,359.

Despite the prices of these three coins falling within the last day, the global crypto market cap has still been able to increase by 0.31% during the same time period. This increase can be attributed to the positive price performances of the top 10 cryptos. All of the top 10 projects, except for BNB and ADA, have printed gains.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Traders Turn on ADA, TRX and EOS, Causing Their Prices to Fall appeared first on Coin Edition.

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Traders Turn on ADA, TRX and EOS, Causing Their Prices to Fall
 

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