Pepe Coin, Theta, And Major Altcoins Continues To See Bears

The crypto market is witnessing a bearish trend today, with Bitcoin and most major Altcoins trading on red lines. The crypto fear and greed index has seen some correction since yesterday. The index continues to be in the fear zone with a score of 35/100.

Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $25,997.91,  and down by around 0.04% since yesterday. Other well-known altcoins, Cardano (ADA) and Solana (SOL) experienced gains on the other side of the border.

Ethereum is trading at $1,648.74, with almost 0.11% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a rise of 1%. Solana also faced gains, with its price increasing by 0.93%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again up by 0.86%  since the last day.  Polkadot coin price saw a decrease of almost 1.10% in one day. 

The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 0.39%, while Shiba Inu’s token price is up by almost 1.28%, in the last 24 hours.

The crypto market today is primarily bearish with few exceptions. The global crypto market cap stands at $1.05 trillion. The 24-hour crypto market volume is $17.25 billion, with a more than 18% increase.

The top 4 cryptos for today are:

• Pepe coin is down by 0.38%

Pepe coin price is witnessing losses today. Pepe coin price is down by more than 0.38% in the last 24 hours. It is trading at $0.0000008758, at the time of writing. It holds a global market cap of $343.11 million. Recently Pepe Coin team clarified that the mysterious $16 million withdrawal from the multisig wallet of the Pepecoin project was the result of dishonest team members. This has had a minimal but noticeable impact on the price of Pepe coin. 

• Theta token is down by 4.72%

Theta token’s price is down by more than 4% in the last 24 hours. Its price is trading at $0.5996, the the time of writing. It holds a global market cap of $600,036,28. Since its value of $0.78 at the beginning of August, Theta Network has been on a downward trend.

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• INJ token is down by 3.95%

The Injective (INJ) token’s price is down by more than 3% in the last 24 hours. Its price is trading at $6.97, the the time of writing. It holds a global market cap of $583,745,763. Recently, Injective Labs released information about a new burning mechanism that will boost the protocol’s weekly burn rate and represent the largest tokenomics improvement.

Filecoin (FIL) coin price is up by more than 3% in the last 24 hours. Its price is trading at $3.34, the the time of writing. It holds a global market cap of $1,481,707,200. Despite minor advances today, the price of FIL has lost more than 5% of its value over the past week, which is comparable to what happened to other cryptocurrencies.

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