[Coin Scan] Domestic cryptocurrency major indices showing mixed trends with sharp rises and falls

This article is machine translated
Show original
As of 3 PM on April 23rd, the domestic cryptocurrency market shows a mixed trend with both rising and falling cryptocurrencies. The market direction is being determined by concentrated buying for specific tokens and price volatility. In the top net buying list, XRP showed the strongest demand with notable net buying on both Upbit and Bithumb platforms. On Upbit, ETH also ranked in the top net buying, maintaining investor interest, while on Bithumb, Doge and VIRTUAL appeared in the top ranks, revealing expectations for individual tokens. Looking at the top rising tokens, most were formed on Korbit and Coinone. VIRTUAL recorded a high rise on Korbit, attracting investor attention, and RAY also showed strength on the same exchange. On Coinone, HVH, MYRO, and NFP each showed high rising rates, emerging as promising tokens in the overall market. In contrast, among the top falling tokens, PUMP stood out with the largest decline on Bithumb. On Coinone, UMA, FIS, and PAXG led the downward trend, while on Korbit, OSMO's significant drop was notable. Overall, except for some tokens that sharply rose, market instability and expanding selling pressure are complexly at work. In the top trading volume list on Upbit, DEEP took the lead with an overwhelming trading volume. Following were XRP, IMX, Aergo, and BTC, showing active trading. This demonstrates that active buying and selling flows are still maintained in some major tokens. According to Bonanza Lab data, today's market is being driven by supply and trading volatility of individual tokens like XRP, DEEP, and PUMP. In a situation where rises and falls are clearly distinguished, investment strategies require flexible responses that consider both trading timing and overall market signals.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments