VeChain News Today – in light of the widespread crypto sell-offs in recent days, bulk of the crypto market has begun to exhibit signs of a bull action or revival. This movement was reportedly characterized by high volatility. Crypto markets have been in a roller-coaster only a day ago. To add to that, BTC’s dominance reportedly dropped to 63.9%. As of when this content was published, the price of Bitcoin tumbled to the $5,400 area. Today we will focus on the daily chart of three major digital coin’s including Cardano, Algorand and VeChain.

Cardano Dropped by 2.8% in the Last 24-Hours of Trade

In the tech area, 2020 has reportedly been a busy year for Cardano’s ecosystem. The network has initiated a flurry of developments so far. Cardano is looking towards its long-awaited Shelley upgrade that will migrate the network to the mainnet. However, the most recent announcement relating to Cardano was that the Hydra paper was shown to the public this week. While Cardano’s tech area has been moving well, it is a shame to point out that ADA’s price has struggled.

The price of Cardano is down by 47.25% since last week. A vast number of market corrections and Bitcoin’s most recent crash have ensure that the ADA coin depreciates by 2.88% in the last 24-hours. As of when this content was published, the price of ADA is now trading at $0.0027. The coin also held an overall market cap of $707.2 million. It also posted a 24-hour trade volume of $104.0 million.

Algorand Lost 7.19% in the Last 24-Hours, VET Failed to Maintain its Upward Momentum

VET managed to gather momentum, despite displaying an unimpressive price action at the beginning of the year. One important development in VeChain was Bitrue’s partnership with CREAM to improve the development of VeChain’s network. Despite these developments, VET failed to retain its upward momentum. Bitcoin’s situation allowed VET token to loose as well. VET is down by 8.36% over the last 24-hours. It is changing hands at $0.0026. VET has a market capitalization of $145.8 million. It also has a trade volume of $76.50 million at press time.

ALGO lost 58.9% of its price in the last week. Even though Algorand was chosen to act as the underlying network for the future cryptocurrency for the Marshall Islands, it failed to initiate a sustained rally. ALGO price fell by 7.19% in the past 24-hours. The coin was changing hands at $0.152. AGLO’s market cap is trading at $99.63 million at press time with a 24-hour trade volume of $66.25 million.