The top 19 coins based on market cap are all in the red today. The top coins haven’t seen the biggest losses, but the downward price trend is being felt across the board for mainstream coins.
One of the biggest stories in cryptocurrencies today was the Tron foundation burnt 1 billion TRX coins, which some people believed would increase the value of the currency. However, the coin is down -6.84% and is currentlying selling for $0.039 USD per token. Tron’s founder and CEO, Justin Sun announced the burn on twitter earlier today.
The biggest gains are Scry.info, which has seen a positive gain of 7.91%, Cortex is up 5.05% and Monaco is up 3.80%.
The biggest losses in a 24 hour period are Populous, down -9.93%, Veritaseum down -9.26% and Loom Network, down -9.16%.