Ethereum falls, cardano falls faster, dogecoin rises sharply

While bitcoin (BTC) is falling again after another dose of fear, many major altcoins are taking even harder blows. The total market cap of all cryptocurrencies fell 3.5% in the past 24 hours to $2.19 trillion.

Daily Market overview.
Market cap: $2.22T -2.82%⬇️
SPOT Volume 24h: $63.8B +13.5%⬆️$BTC dominance: 38.86% -0.21%⬇️
Fear & Greed Index: 48⬇️😑 neutral sentiment on the Market. Most projects in loss.#Bitcoin $BTC $ETH #Ethereum

— IT Tech (@IT_Tech_PL) Apr 6, 2022

Ethereum price drops by 5%

Ethereum (ETH) finally appeared to have conquered USD 3,500 again yesterday morning. However, the ether price dropped from $3,545 to $3,450 yesterday afternoon. ETH initially held up there, but last night the price plummeted further. ETH briefly dipped towards USD 3,300 but seems to have held steady around USD 3,350 since then. Nevertheless, ether is 5% in the negative today.

#Ethereum‘s fees have been much more affordable than we’ve seen for the past 8+ months. The average gas fee sits at just $5.81. For comparison, average fees bloated to $69.57 on May 11, 2021, and $62.85 on November 8, 2021.

— Santiment (@santimentfeed) Apr 6, 2022

ADA, DOT, AVAX and SOL drop significantly

Cardano (ADA) is down 5.3% in the last 24 hours and is back at $1.14. Polkadot (DOT) even falls 6.1% to $21.4. Avalanche (AVAX) is down 6.2% to $89. Solana (SOL) is down no less than 6.3% and is back at $124.

BNB, SHIB, XRP & LUNA hold up a little better

Binance coin (BNB) held up slightly better, but is still down 3.3% to USD 440. Shiba inu (SHIB) made a small jump last night, which means that the price is currently ‘only’ 2.4% in the negative. SHIB appears to be holding up at $0.000026 for now. Ripple (XRP) recovered stronger than the rest this morning, leaving the price only 2.2% in the negative. XRP is currently romping at USD 0.81. Terra (LUNA) established a new one yesterday afternoon all time high, just above $119. Since then, the LUNA price has fluctuated wildly between $114.5 and $117.5. This means that LUNA is only 0.8% in the minus.

Anchor rate is now available to 30M+ binance users

The anchor yield of web3 is living up to its name.

— Do Kwon 🌕 (@stablekwon) Apr 6, 2022

DOGE firmly in the plus

Dogecoin (DOGE), on the other hand, is no less than 4.5% in the plus today. DOGE made a jump on Monday after it turned out that Tesla CEO Elon Musk invested millions in Twitter, but the price corrected right back. However, DOGE started climbing again after that, breaching the USD 0.15 mark yesterday and then peaking at USD 0.176. However, DOGE was unable to hold up and is falling back to USD 0.158 this morning.

$DOGE / USD – #doge #dogecoin

DOGE has rallied +17% after reclaiming the green $0.14 level as support

DOGE has confirmed a break back into its $0.14-$0.20 range (green-blue)#Crypto

— Rekt Capital (@rektcapital) April 5, 2022

Top 100 crypto hardest fallers and risers

Many altcoins from the top 100 are several percent in the red today. Algorand (ALGO), graph (GRT), aave (AAVE), vechain (VET), pancakeswap (CAKE), radix (RDX), waves (WAVES), stacks (STX), basic attention token (BAT), internet computer ( ICP) and tezos (XTZ) are all down about 8% today. For neo (NEO) and axie infinity (AXS), this is 9%. For lido (LDO) and synthetix (SNX) 10%. Thorchain (RUNE) and celo (CELO) are even 13% in the minus and frax share (FXS) drops by no less than 16%.

However, not everything is red. Zilliqa (ZIL) took a strong run last week, but has corrected sharply in recent days. It is possible that price has bottomed out and is now cautiously resuming its rally, although that is far from certain. ZIL is currently romping at $0.14 where price was rejected yesterday. Newcomer stepn (GMT) looks set to resume its recent rally. The GMT price is today no less than 24% in the plus and comes in at $2.68.

— STEPN | Public Beta Phase III (@Stepnofficial) April 5, 2022

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Total #Altcoin Market Cap

— TechDev (@TechDev_52) April 5, 2022

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