After a period of bullish spikes, the cryptocurrency market has reverted to its old bearish behavior. The top ten cryptocurrency club has again come under the bear’s thumb as the red spread becomes apparent across the price spectrum. This price drop has affected a majority of the cryptocurrencies including the bigwigs such as Bitcoin [BTC], Ethereum [ETH] and XRP while EOS, which had gained massively over the past week was spiraling significantly.
During this price crunch, NEM [XEM] has emerged as the surprise winner, rising at a rate of 6.5%. The cryptocurrency which was in the news earlier due to various announcements from the Foundation’s side certainly saw dividends being reaped.
At the time of writing, the cryptocurrency was trading for $0.0416 with a total market cap of $374.525 million. The cryptocurrency’s 24-hour market volume of $14.708 million was majorly shared between Exrates and Kryptono, with the former controlling $2.9 million worth of XEM transactions while the latter had a grasp on $2.22 million of the XEM trade.