{"id":528282,"date":"2023-04-24T10:39:57","date_gmt":"2023-04-24T10:39:57","guid":{"rendered":"https:\/\/wncen.com\/?p=528282"},"modified":"2023-04-24T10:39:57","modified_gmt":"2023-04-24T10:39:57","slug":"these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/","title":{"rendered":"These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?"},"content":{"rendered":"

After weeks of gains, the crypto market finally succumbed to the bears. According to <\/span>CoinMarketCap<\/span><\/a>, the total market cap of cryptos is at $1.12 trillion, a measly 0.22% increase from yesterday. Since the start of the week, the metric has gone down by 9%.\u00a0<\/span><\/p>\n

This was largely caused by <\/span>economic woes<\/span><\/a> that plagued US equity markets. With stocks also experiencing <\/span>meager gains<\/span><\/a>, these cryptocurrencies are to be avoided, if you are an investor, as they bled the hardest as major cryptos dropped in value.\u00a0<\/span><\/p>\n

As the markets continue to bleed, will these cryptos drop even lower?<\/span><\/p>\n

Related Reading: Shiba Inu Gets Stuck In Price Range \u2013 Will SHIB Break Free?<\/a><\/div>\n

Top 5 Cryptos Usher In The Week With Losses <\/strong><\/h2>\n

CFX<\/strong><\/p>\n

As Ethereum experiences the <\/span>biggest<\/span><\/a> drop compared to its Bitcoin peer, Conflux followed the top altcoin in the market closely. According to <\/span>CoinGecko<\/span>, the token is down 23% since the past week, signaling to investors CFX\u2019s losing week.\u00a0<\/span><\/p>\n

Investors should be cautious of a bearish breakthrough on $0.2847 as it could bring the token back $0.1471. However, the bearish scenario might turn into a reality as <\/span>CoinGlass data<\/span><\/a> points to a robust bearish presence in the market.\u00a0<\/span><\/p>\n

ARB<\/strong>\u00a0<\/span><\/p>\n

As of writing, ARB is <\/span>down<\/span> nearly 21% in the same timeframe. Investors on the token are closely following the sentiment around <\/span>Bitcoin<\/span><\/a> and Ethereum, and with the two biggest cryptos experiencing pain, ARB is experiencing a magnified bearish sentiment.\u00a0<\/span><\/p>\n

Investors and traders on ARB should be cautious about putting more money on the token. At press time, ARB\u2019s current trajectory puts it on the path back toward $1.1930. If this comes to fruition, ARB bulls are left to defend this crucial support.\u00a0<\/span><\/p>\n

APT\u00a0<\/strong><\/p>\n

Even with <\/span>development<\/span><\/a> strongly favoring Aptos continues, the token is not fairing well amid a bearish takeover. According to CoinGecko, APT itself is down nearly 20% in the weekly timeframe.\u00a0<\/span><\/p>\n

\n

ICYMI: @BwareLabs<\/a> will be on the next #AptosMoveMonday<\/a> to celebrate and share their insights on what it was like leading development on Aptos Delegated Staking.<\/p>\n

Chat with Bware and the rest of the Aptos community on Monday, April 24 at 10am PT \ud83d\udc47https:\/\/t.co\/L9FWTdsSZM<\/a> https:\/\/t.co\/1k3x5cMxFe<\/a><\/p>\n

\u2014 Aptos (@Aptos_Network) April 22, 2023<\/a><\/p><\/blockquote>\n

Currently, the bears have $7.5088 support on their crosshairs. If APT continues its bearish price movement, a breakthrough on this support level might see the token drive even lower. <\/span>CoinGlass <\/span><\/a>data reveals, however, that this may be a reality for APT investors as short sellers outnumber long buyers significantly.\u00a0<\/span><\/p>\n

\n

Welcome, @helium<\/a> \ud83c\udf88<\/p>\n

The Helium Network has completed its upgrade and has finished migrating to Solana. https:\/\/t.co\/nTICE0Y6aa<\/a> pic.twitter.com\/CjiHjsANob<\/a><\/p>\n

\u2014 Solana (@solana) April 19, 2023<\/a><\/p><\/blockquote>\n

SOL\u00a0<\/strong><\/p>\n

With Helium\u2019s migration being <\/span>completed<\/span><\/a> in the background, SOL is following the general market freefall. Recent market data shows that the token has been down nearly 16% since last week. The token is currently correlated with ETH, which means the two cryptos follow each other very closely.\u00a0<\/span><\/p>\n

At the moment, the token has stabilized below $21.60. If the bulls keep this strong defense up, we may see a rebound back to $23.29 in the coming days. If ETH doesn\u2019t recover by then, we may see the token back at $20.20.\u00a0<\/span><\/p>\n

<\/p>\n

Crypto currently has a total market cap of $1.12 trillion as of Monday, April 24th. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally<\/a><\/div>\n
FTM<\/strong><\/p>\n
Despite <\/span>Fantoon<\/span><\/a> making the leap for Fantom on AI, FTM still faced significant market headwinds. According to CoinGecko, the token is down nearly 21% since last week. It followed the general market freefall that pulled the entire crypto market downward.\u00a0<\/span><\/p>\n
\n
Let’s get to know Fantoon Ai! \ud83e\uddf5https:\/\/t.co\/zC9F6KPgbB<\/a><\/p>\n
What is it? Fantoon Ai is a super-advanced txt to image generating Ai built on a custom SD with hundreds of models (with over 2TB data). It’s fast, works without any highend HW and creates brilliant visuals in any niche 1\/4 pic.twitter.com\/J8ToonBCiF<\/a><\/p>\n
\u2014 Fantoon Ai: 1st Ai Project of Fantom is now LIVE! (@Pumpkittens) April 21, 2023<\/a><\/p><\/blockquote>\n
FTM might oscillate up and below the $0.4260 support in the short to medium term depending on the general market sentiment. Thus, this dependency on the general outlook of the crypto market could bring further pain. If the token\u2019s price doesn\u2019t stabilize on this support level, we might see a return to $0.3717.\u00a0<\/span><\/p>\n
(This article is for educational and informational purposes only and should not be taken as financial or investment advice. Cryptocurrencies are highly volatile and speculative assets, and their values can fluctuate widely and rapidly)<\/em><\/p>\n
Featured image from PublicDomainPictures\/Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
After weeks of gains, the crypto market finally succumbed to the bears. According to CoinMarketCap, the total market cap of cryptos is at $1.12 trillion, a measly 0.22% increase from yesterday. Since the start of the week, the metric has gone down by 9%.\u00a0 This was largely caused by economic woes that plagued US equity markets. With stocks also experiencing meager gains, these cryptocurrencies are to be avoided, if you are an investor, as they bled the hardest as major cryptos dropped in value.\u00a0 As the markets continue to bleed, will these cryptos drop even lower? Related Reading: Shiba Inu Gets Stuck In Price Range \u2013 Will SHIB Break Free? Top 5 Cryptos Usher In The Week With Losses CFX As Ethereum experiences the biggest drop compared to its Bitcoin peer, Conflux followed the top altcoin in the market closely. According to CoinGecko, the token is down 23% since the past week, signaling to investors CFX\u2019s losing week.\u00a0 Investors should be cautious of a bearish breakthrough on $0.2847 as it could bring the token back $0.1471. However, the bearish scenario might turn into a reality as CoinGlass data points to a robust bearish presence in the market.\u00a0 ARB\u00a0 As of writing, ARB is down nearly 21% in the same timeframe. Investors on the token are closely following the sentiment around Bitcoin and Ethereum, and with the two biggest cryptos experiencing pain, ARB is experiencing a magnified bearish sentiment.\u00a0 Investors and traders on ARB should be cautious about putting more money on the token. At press time, ARB\u2019s current trajectory puts it on the path back toward $1.1930. If this comes to fruition, ARB bulls are left to defend this crucial support.\u00a0 APT\u00a0 Even with development strongly favoring Aptos continues, the token is not fairing well amid a bearish takeover. According to CoinGecko, APT itself is down nearly 20% in the weekly timeframe.\u00a0 ICYMI: @BwareLabs will be on the next #AptosMoveMonday to celebrate and share their insights on what it was like leading development on Aptos Delegated Staking. Chat with Bware and the rest of the Aptos community on Monday, April 24 at 10am PT \ud83d\udc47https:\/\/t.co\/L9FWTdsSZM https:\/\/t.co\/1k3x5cMxFe \u2014 Aptos (@Aptos_Network) April 22, 2023 Currently, the bears have $7.5088 support on their crosshairs. If APT continues its bearish price movement, a breakthrough on this support level might see the token drive even lower. CoinGlass data reveals, however, that this may be a reality for APT investors as short sellers outnumber long buyers significantly.\u00a0 Welcome, @helium \ud83c\udf88 The Helium Network has completed its upgrade and has finished migrating to Solana. https:\/\/t.co\/nTICE0Y6aa pic.twitter.com\/CjiHjsANob \u2014 Solana (@solana) April 19, 2023 SOL\u00a0 With Helium\u2019s migration being completed in the background, SOL is following the general market freefall. Recent market data shows that the token has been down nearly 16% since last week. The token is currently correlated with ETH, which means the two cryptos follow each other very closely.\u00a0 At the moment, the token has stabilized below $21.60. If the bulls keep this strong defense up, we may see a rebound back to $23.29 in the coming days. If ETH doesn\u2019t recover by then, we may see the token back at $20.20.\u00a0 Crypto currently has a total market cap of $1.12 trillion as of Monday, April 24th. Chart: TradingView.com Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally FTM Despite Fantoon making the leap for Fantom on AI, FTM still faced significant market headwinds. According to CoinGecko, the token is down nearly 21% since last week. It followed the general market freefall that pulled the entire crypto market downward.\u00a0 Let’s get to know Fantoon Ai! \ud83e\uddf5https:\/\/t.co\/zC9F6KPgbB What is it? Fantoon Ai is a super-advanced txt to image generating Ai built on a custom SD with hundreds of models (with over 2TB data). It’s fast, works without any highend HW and creates brilliant visuals in any niche 1\/4 pic.twitter.com\/J8ToonBCiF \u2014 Fantoon Ai: 1st Ai Project of Fantom is now LIVE! (@Pumpkittens) April 21, 2023 FTM might oscillate up and below the $0.4260 support in the short to medium term depending on the general market sentiment. Thus, this dependency on the general outlook of the crypto market could bring further pain. If the token\u2019s price doesn\u2019t stabilize on this support level, we might see a return to $0.3717.\u00a0 (This article is for educational and informational purposes only and should not be taken as financial or investment advice. Cryptocurrencies are highly volatile and speculative assets, and their values can fluctuate widely and rapidly) Featured image from PublicDomainPictures\/Pixabay<\/p>\n","protected":false},"author":557,"featured_media":528286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[138,5687,1558,3505,87306],"class_list":["post-528282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin-news","tag-bear-market","tag-cryptocurrency","tag-price-analysis","tag-top-5-cryptos"],"acf":[],"yoast_head":"\nThese Top 5 Cryptos Open The Week With Big Losses<\/title>\n<meta name=\"description\" content=\"After weeks of gains, the crypto market finally succumbed to the bears. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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According to CoinMarketCap, the total market cap of cryptos is at $1.12 trillion,","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-63.png?fit=728%2C482","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-63.png?fit=728%2C482","width":728,"height":482},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?","url":"http:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-63.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-63.png?fit=728%2C482"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin news","bear market","cryptocurrency","price analysis","top 5 cryptos"],"dateCreated":"2023-04-24T10:39:57Z","datePublished":"2023-04-24T10:39:57Z","dateModified":"2023-04-24T10:39:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/these-top-5-cryptos-open-the-week-with-big-losses-will-they-drop-lower\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-63.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-63.png?fit=728%2C482\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin news\",\"bear market\",\"cryptocurrency\",\"price analysis\",\"top 5 cryptos\"],\"dateCreated\":\"2023-04-24T10:39:57Z\",\"datePublished\":\"2023-04-24T10:39:57Z\",\"dateModified\":\"2023-04-24T10:39:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-63.png?fit=728%2C482","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/528282"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=528282"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/528282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/528286"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=528282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=528282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=528282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}