It looks like February was a bullish month for most of the top 100 cryptocurrencies in the market. In the past 30 days, out of 100 top coins, there are just 3 cryptocurrencies that are trading in red – meaning the rest are all in green (they did not decline in price). Let’s analyze the 5 biggest losers among the top 100 digital currencies in the industry.
For the past week, Litecoin (LTC) has been fluctuating between $155 and $180, after the recent breakdown. At the same time, buyers have been making a concerted effort to push LTC price above the minor resistance.
In February 2021, we have seen several institutional investors like Elon Musk CEO Tesla, businessmen like Bill Gates and billionaires like Rakesh Jhunjhunwala, influence the price of cryptocurrency and the entire market.
The Nigerian Central Bank has paid notice to the Country’s Vice President positive advice on cryptocurrency. The Central Bank which recently banned cryptocurrency in the Country was criticized by Vice President Yemi Osinbajo who preferred regulating cryptocurrency to banning its use in the country.