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Saturday, June 25, 2022
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    HomeMarketThese coins are performing relatively well despite the bear market

    These coins are performing relatively well despite the bear market

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    The general crypto market is now reporting a significant decline. Many analysts see a mix of things at play together with rising Fears of recession, tightening financial coverage, and run-away inflation. The downtrend may also proceed for a number of extra weeks earlier than we see some development reversal. Listed here are among the most important bear market details in crypto.

    • Bitcoin and Ethereum, two of the largest cash, have all reported over 35% declines in 7 days.

    • General market cap in crypto has fallen under $1 trillion.

    • BTC additionally dropped under $20,000 for the primary time since 2020.

    So, with all this doom and gloom, it may be exhausting to search out cash which are really performing. No worries as a result of those under are doing fairly nicely:

    UNUS SED LEO (LEO)

    The LEO token has considerably defied the chances. The coin has seen main positive aspects over the previous weeks the truth is, it’s solely 40% down from its all-time highs. 

    Information Supply: TradingView 

    Evaluate this to different cash which are to this point 80 – 90% decrease from their ATHs. Additionally, LEO noticed a achieve of 16% over the previous 24 hours. The coin has by far outperformed all main cash and will keep this trajectory over the subsequent week or so.

    Flex (FLEX)

    With a market cap of round $360 million, Flex isn’t one of many largest crypto belongings on the market. However the coin has achieved fairly nicely over the past week. The coin is usually used to pay for charges on the Coinflex alternate. As of now, FLEX is round 35% from its ATH. It has additionally seen a modest 2% achieve over the previous 24 hours as most cash see purple.

    KuCoin (KCS)

    KCS is one other alternate token that has additionally seen some first rate uptrend. Though KCS is round 60% from its all-time excessive, it has nonetheless outperformed the market modestly. Nonetheless, KCS noticed a drop of 10% over the past 24 hours or so.



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