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Top Losers: Tron [TRX] falls by 8%, while BCH and Stellar plummet by 6% and 5% owing to market correction

ambcrypto.com 11 April 2019 12:30, UTC
Reading time: ~2 m

After the massive bull run witnessed last week, the cryptocurrency market underwent significant price corrections, with several tokens plummeted in value. Bitcoin Cash [BCH], Tron [TRX] and Stellar [XLM] were the biggest losers of the market, with the bears ravaging the three cryptocurrencies.

Source: CoinMarketCap

Tron [TRX]

Tron suffered the most in the top 10 cryptocurrency list after falling by 8.02% over the past 24 hours. The token recorded a market capitalization of $1.8 billion, with the 24 hour trading volume recorded at $520 million. The token was priced at $0.0277, at press time.

TRX was highly traded on OKEx exchange, where it garnered 12.65% of the entire trade volume. It was followed by BitForex, where the virtual asset contributed to 7.05% of the trade volume.

Source: CoinMarketCap

Bitcoin Cash [BCH]

Bitcoin Cash [BCH] enjoyed a relatively lucrative bull run when Bitcoin surged. However, the coin’s price fell massively over the day. Bitcoin Cash [BCH] recorded a fall of 6.30% over the past 24 hours, while the market capitalization was $5.04 billion, at press time. The coin was priced at $284.69 and the 24-hour trade volume was $1.5 billion.

The coin was traded most on OEX exchange, where the token recorded a trade volume of $199 million, 12.08% of the entire trade volume. OEX was followed by OKEx, contributing to 7.14% of the trade volume.

Source: CoinMarketCap

Stellar Lumens [XLM]

Source: CoinMarketCap

Finally, Stellar [XLM] completed the list of top losers after falling by 5.18% against the US Dollar. The market capitalization was around $2.3 billion, with the 24 hour trade volume recorded to be $350 million.

BCH, TRON, and Stellar rode the bull wave last week. However, the tokens have since fallen in value after market correction forces allowed the bears to ravage the coins.

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