The cryptocurrency market is experiencing a downturn, with its capitalization dropping to $2.8 trillion. Helium (HNT) fell by 5%, while Web3Bay's presale garners attention, attracting over $1.5 million in investments.
Helium (HNT) Drops 5%
Helium (HNT) has faced a 5% decline in the last 24 hours, bringing its price down to $3.19. The token's market capitalization is now $617 million. Trading volume has decreased by 18% to $4.72 million, indicating reduced buying interest. The key support at $3.20 is currently being tested, which could determine its future price movement.
Web3Bay's Presale Surpasses $1.5M
Contrary to Helium, Web3Bay continues to attract investors. The presale of the project, aiming to create a decentralized marketplace for goods and services trading without intermediaries, has raised over $1.5 million. This indicates investor confidence and interest in innovative projects.
Crypto Market Cap Falls to $2.8 Trillion
The global cryptocurrency market cap has fallen to $2.8 trillion, reflecting a 1.7% drop in the last 24 hours. Trading activity has decreased by 35% to $58.4 billion. This shows investor caution in the current conditions.
Despite the overall market downturn, attention towards promising projects like Web3Bay remains strong, demonstrating their ability to attract investments even amid a decline.
