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Tezos, HBAR fall on unhappy times as Algorand, VeChain resume uptrend



Source: Pixabay

The collective crypto-market registered a market cap of $285 billion. As Bitcoin grappled with a dominance of 62.8% and a dip in its value below $9,800, some of its peer altcoins maintained their bullish run while others fell asleep on the wheel owing to sharp corrections over the past week.

Algorand [ALGO]

This cryptocurrency has posted impressive gains over this rally and its upward momentum has remained intact. Algorand was priced at $0.479, at press time, after a parabolic surge of 9.89% over the past 24-hours. It held a market cap of $275.4 million and registered a 24-hours trading volume of $161.1 million, at the time of writing.

While not all altcoins have managed to maintain this rally, ALGO has sustained no major pullbacks and was poised for further gains as it rallied by a massive 64.05% over the week.

Source: ALGO/USD on TradingView

VeChain [VET]

Another cryptocurrency that managed to retain the uptrend, despite a minor correction, was VeChain, which was up by 13.91% over the past week.

At press time, VET token’s value stood at $0.0072 after rising by 5.67% over the past 24-hours as it was firmly supported at point $0.005. Additionally, it held a market cap of $400 million and registered a trading volume of $201.1 million over the last 24-hours.

Source: VET/USD on TradingView

Tezos [XTZ]

Tezos, on the other hand, has been losing momentum after an impressive bullish streak. It has sustained a loss of 21.51% over the past seven days.

The crypto declined shortly after it hit an ATH and was priced at $3.28, at press time. Additionally, XTZ held a market cap of $2.30 billion and a 24-hour trading volume of $194.12 million after depreciating by 6.38% over the last 24-hours.

Source: XTZ/USD on TradingView

Hedera Hashgraph [HBAR]

While Google joining Hedera Hashgraphs governing council was touted as a major success for the ecosystem, HBAR bulls were, however, not confident as it bore the brunt of market correction along with some of the major altcoins after took a plunge of 36.24% over the week.

HBAR fell by 7.53% in the last 24-hours and was priced at $0.040, at press time. Its market cap stood at $132.37 million as it registered a 24-hour trading volume of $8.81 million.

Source: HBAR/USD on TradingView

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Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.