This week, cryptocurrencies fall into two categories. As traders remained uncertain about the direction of the market, a certain group of altcoins is bound in a range. Another group of cryptocurrencies has seen a significant decline and bearish exhaustion.
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The cryptocurrencies below have picked up another round of selling pressure. The upside corrections led to further downside in altcoins. The resistance levels posed a challenge to the recovery of the altcoins.
South Korea is known for its technological advances in various fields. With the introduction of cryptocurrencies, the country has begun to actively explore the potential of this industry.
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In 1992, the concept of the Metaverse existed only in the fertile imagination of American cyberpunk author Neal Stephenson. In his book Snow Crash, Stephenson described the metaverse as a virtual reality-based Internet populated by system daemons and user-controlled avatars.
The largest cryptocurrency is on the way down. This is affecting Loopring, Kadena, Internet Computer, SushiSwap, and Elrond. These altcoins have fallen significantly and will continue to fall.
It has been difficult to identify the best performing altcoins. This is because cryptocurrency markets are under heavy selling pressure. Cryptocurrency markets are experiencing various degrees of correction.