Ethereum

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Ethena

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/four-altcoins-suffer-major-losses" data-wpel-link="internal">Four Altcoins Suffer Major Losses</a><br></p>
<p style="text-align: justify">In the past week, four prominent altcoins have experienced substantial downturns, with their losses exceeding 20%. This dramatic decline positions them as the most significant losers among the top 100 cryptocurrencies. At the time of reporting, Bitcoin (BTC) was valued at $58,200, with a 24-hour trading volume approaching $100 billion.</p> 
<h2 id="why-did-lido-ldo-decline">Why Did Lido (LDO) Decline?</h2> 
<p style="text-align: justify">The altcoin Lido (LDO) faced a significant setback following the Securities and Exchange Commission’s (SEC) legal actions against the company behind MetaMask, within the Ethereum <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">ecosystem</a>. The LDO Coin, classified as a security, saw its value drop to $1.69, marking a 33% loss over eight days. The potential for recovery could see it reaching $1.79; however, a further decline to $1.5 or even between $1.44 and $0.88 remains plausible.</p> 
<h2 id="what-happened-to-jasmy-coin">What Happened to JASMY Coin?</h2> 
<p style="text-align: justify">JASMY Coin’s price halved within 28 days, currently sitting at $0.023. This decline is attributed to heavy selling after notable gains. If the downward trend persists, it may test the $0.02 and $0.016 levels, resulting in significant losses for recent <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a>. For any recovery, the price needs to establish $0.0278 as support and aim for $0.033.</p> 
<h2 id="ethena-ena-faces-challenges">Ethena (ENA) Faces Challenges</h2> 
<p style="text-align: justify">Ethena (ENA) initially listed on <a href="https://en.bitcoinhaber.net/sec-believes-4-3-billion-settlement-strengthens-case-against-binance" data-wpel-link="internal">Binance</a> at $0.3, spiked to $1.52, but then plummeted by 72% over 84 days. The coin is on a downward journey, having already dropped 44% in 17 days. Should it secure $0.5 as support, levels of $0.67 and higher could be revisited.</p> 
<h2 id="not-coin-s-volatile-journey">Not Coin’s Volatile Journey</h2> 
<p style="text-align: justify">Not Coin enjoyed a 3500% surge in 17 days, driven by its Binance listing and the excitement around TON Coin. However, it has since entered a 32-day loss period, dropping 59%. Currently, it risks falling to $0.0098, with Bitcoin’s next movements being crucial for its direction.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify"> Investors can draw several crucial insights: </p> 
<ul> 
 <li>Monitor regulatory actions, such as those from the SEC, which can significantly impact altcoin prices.</li> 
 <li>Be cautious of rapid price increases, as they may precede substantial corrections.</li> 
 <li>Establish clear support and resistance levels to gauge potential recovery points.</li> 
 <li>Consider the broader market environment, particularly Bitcoin’s movements, which influence altcoin trajectories.</li> 
</ul> 
<p style="text-align: justify">In conclusion, these four altcoins have experienced significant losses, underscoring the volatile nature of the cryptocurrency market. Investors should remain vigilant and consider these insights when navigating potential investments.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/four-altcoins-suffer-major-losses" data-wpel-link="internal">Four Altcoins Suffer Major Losses</a></h5>

Four Altcoins Suffer Major Losses

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