3 tokens disappoint in the face of cryptocurrencies rally and have the highest weekly devaluation: Flow, BCHA and CEL


Bitcoin (BTC) begins a new week determined to stay in the $60,000 range as a support – although new historical records have not lasted.

After a classic dip on Sunday, bulls regained control and managed to keep the BTC/USD above $60,000.

Bitcoin (BTC) has a long history of forming local tops when events anticipated by the market occur. The recent launch of the Bitcoin Exchange-Traded Fund (ETF) on October 19 was no different and led to a monthly recovery of 53% to an all-time high of $67,000.
Meanwhile, three tokens went against the grain, unlike most altcoins that experienced high yields: Flow (FLOW) -13.6%, Bitcoin Cash ABC (BCHA) -17.3% and Celsius Network (CEL) -10.5%.

Top research that Bitcoin, Ethereum and Shiba Inu are the most popular cryptocurrencies on the market

Flow (FLOW) (-13.6%)

Flow features a four-node architecture that helps speed up transaction processing and makes it cheaper, while also improving hardware capacity. Speed ​​and cost-effectiveness are achieved without compromising decentralization. It also doesn’t require dividing the network into layers or fragments for smooth performance. Sharing the computing consensus has helped developers increase throughput considerably without losing security.

Source: Coingecko

The price of Flow today is US$ 13.33, which represents an increase of 3% in the last 24 hours and in the accumulated weekly a loss on the order of -13.6%. Flow’s market capitalization is $4.09 billion. Flow volume in 24 hours is US$96.87 million, traded on 20 exchanges, the main ones being: Binance (US$21.77 million), FTX (US$14.65 million) and Kraken (US$13 .36 million).

Flow experienced an all-time record of $39.16 8 months ago. On the final day, Flow had a transparent volume of 53% and was traded in 45 active markets, with its largest trading pairs being USDT (US$60.85 million), USD (US$24.49 million) and BTC ($7.15 million).

Bitcoin Cash ABC (BCHA) (-17.3%)

Bitcoin Cash ABC (BCHA) is a currency resulting from a hard fork of Bitcoin Cash that occurred on November 15, 2020. It has very similar attributes to Bitcoin Cash, however BCHA includes a mining tax, where 8% of the rewards of mining will be distributed for the development of the financing protocol.

Source: Coingecko

The current price of Bitcoin Cash ABC is US$159.48, which represents an increase of 6% in the last 24 hours and in the accumulated weekly, a decrease of 17.3%. The 24-hour BCHA volume is US$46,776, traded on 3 exchanges, the main ones being: KuCoin (US$45,933), GoPax (US$605.29) and Coinbit (US$305.19).

Bitcoin Cash ABC had an all-time record of $338.52 about 2 months ago. On the final day, Bitcoin Cash ABC had a transparent volume of 0% and was traded in 60 active markets, with its largest trading pairs being USDT ($45,933) and BTC ($910.48).

Celsius Network (CEL) (-10.5%)

The company was founded by Alex Mashinsky, the inventor of VOIP (Voice Over Internet Protocol), patented in his name. VOIP has proven to be a truly innovative technology in the telecommunications industry. Now Alex Mashinsky is working on the new technology called Money Over IP. It is designed to remove all the inadequacies of traditional payment methods that were never intended for online commerce.

The aim of the Celsius Network is to organize the loan procedure without resorting to banking services. He offers to redistribute profits among community members. The company chose this way to help its users in this delicate issue and 80% of the profits are redistributed among them.

Source: Coingecko

Today’s Celsius price is US$ 5,0046, which represents a 1% increase in the last 24 hours and in the weekly accumulated, a devaluation of the order of -10.3%. The market capitalization of Celsius is $2.06 billion. CEL volume in 24 hours is US$9.75 million, traded on 20 exchanges, the main ones being: FTX (US$4.97 million), Uniswap V3 (Ethereum) (US$1.56 million) and OKEx ($867,301).

Celsius had a record high of $8.0328 5 months ago. On the final day, Celsius had a transparent volume of 84% and was traded in 88 active markets, with its largest trading pairs being USD (US$4.18 million), ETH (US$2.44 million) and USDT ($1.71 million).

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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