Cardano, Polygon Slip Around 6%, Solana Drops Over 8% As Market Trades In Red

CoingapePublished on 2023-03-16Last updated on 2023-03-16

Abstract

Crypto prices today for Bitcoin as well as Altcoins like Cardano, Polkadot, and Solana have dropped over 1%.

The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a decline. As of writing, Bitcoin price has decreased by 0.96% in the last 24 hours. Ethereum price decreases by 2.88%. Crypto prices today for Cardano fell by 5.48%. XRP is down by 2.11%. Solana price dropped by 8.44%. Polygon is down by 6.95%. Polkadot price dips by 5.05%.

The meme cryptos have had a downfall in the last 24 hours. Dogecoin price slashes by 7.53% whereas Shiba Inu price dropped by 7.55%.

The global crypto market cap stands at 1.07 trillion USD, a decrease of 2.50% over the past day. The total crypto market volume in the last 24 hours increased by 19.16%, currently at 94.45 billion USD.

The top 4 crypto for today are:

1. Ripple (XRP) price dips by 2.11%

XRP Price slips by 2.11% in the last 24 hours and each XRP token is trading for 0.3662 USD. The market cap for this crypto is currently at 18.65 billion USD. Trading volume is down by 26.55% over the last day.

2. Cardano (ADA) price dips by 5.48%

With a drop of 5.48% in the Cardano price during the last 24 hours, the market cap for the crypto is at 11.29 billion USD. Whereas trading volume is seeing a decrease of 10.65%. Each ADA token is trading for 0.3252 USD.

3. Polygon (MATIC) price dips by 6.95%

Polygon price is seeing a massive dip of 6.95% in the last 24 hours and each MATIC token is trading for 1.13 USD. The market cap for this crypto is currently at 9.83 billion USD. Trading volume is dropping by 23.27% over the last day. Polygon is an Ethereum layer 2 scalability platform and has been rallying with Ethereum in the past month, however, it is seeing a huge drop today.

4. Solana (SOL) price dips by 8.44%

Solana price fell by 8.44% in the previous 24 hours. The market cap for this crypto stands at 7.43 billion USD. Each SOL token is trading at 19.39 USD. The trading volume has gone down 29.83% during the previous 24 hours.

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