WHY #ALTS Suffer The Most During the Dump ? ‼️

Over the weekend, there was a correction in the cryptocurrency market, which affected alternative cryptocurrencies more severely than Bitcoin. Ethereum, for example, saw a significant increase in its value, reaching $3,300 at one point. However, it later experienced a 4% decline, dropping back down to $3,100. Similarly, other alternative cryptocurrencies like Binance Coin, Ripple, Dogecoin, Cardano, Tron, and Polygon also faced losses.

Among the larger-cap alternative cryptocurrencies, some experienced even more substantial losses.

While most smaller-cap and mid-cap alternative cryptocurrencies were affected similarly by the market correction, one notable exception is OKB, the native token of OKX exchange. OKB actually saw an increase in its value, rising by 6.5% and reaching close to $60.

Overall, the total market capitalization of the cryptocurrency market decreased by $100 billion, erasing the gains made the day before, and now stands at $2.430 trillion.