Biggest Movers:  SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday's trading

Timeline of Avalanche, Solana

Last week's candle closing below the $53.6 support intensified the ongoing correction in Avalanche(AVAX) price. The resulting freefall reflects a 35% devaluation as coin prices tease a bearish breakdown from the 0.786 FIB level.

Avalanche price analysis is in favor of bears for today as a decrease in price has been observed today. The market has been following a bearish trend since 5 May 2022, and today, the cryptocurrency is facing a loss once again as the bearish momentum has been able to stop the price from going above.

This blockchain is developing fast, with SOL being widely used as a staking tool and a transaction fee.Tallinn, May 10, 2022 (GLOBE NEWSWIRE) -- Amid robust consumer demand, CoinLoan has extended its offering with Solana (SOL), one of the biggest cr...

As with the rest of the market, Solana fell terribly on 9 May and ended up reaching the same all-time high it was at in May 2021. However, the various ecosystem developments around Solana are trying to push the bearish narrative aside.

While the world's first cryptocurrency by market cap, Bitcoin is continuing with its bearish trend which has now dropped below $31,000, the altcoin leads Ethereum along with BNB, XRP, Solana, Dogecoin, and Avalanche among others. But the flagship currency's price action has impacted the global crypto market plunging by 0.19% in the last 24hrs trading …

Today's Avalanche price analysis shows a bearish trend gaining momentum with strong bearish possibilities. AVAX/USD is currently trading at $65, down 6.19% in the past 24 hours, with a trading volume of $607,256,088.

JetGovern offers a new way for borrow and lend participants to confidently participate in the best of DeFi NORTHAMPTON, Mass.--(BUSINESS WIRE)--Jet Protocol is an open source, non-custodial liquidity protocol on the Solana Blockchain pushing the envel...

The digital asset industry is evolving at a breakneck pace, and new trends are being formed as developers continue to explore the different use cases of blockchain technology. Crypto trends such as decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, Web3, and the Metaverse, have received massive attention, and investors are looking for ways to profit

The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra's algorithmic stablecoin, UST.  According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of fiat-backed stablecoins.

A popular crypto trader is cautioning digital asset investors about the fate of altcoins as the markets take a tumble to start the new week. The analyst known as Altcoin Sherpa follows up on a May 6th tweet where he warned that it could be “lights out” for many altcoins if certain price levels were The post Analyst Issues Solana and Avalanche Warnings, Says Traders Should Not Underestimate Altcoin Bear Market appeared first on The Daily Hodl.