MNMMG MN Altcoins Losing Value
Analysis

Masternode Altcoin Firesale: TIT, NXG, ENT, ADD, CRC Drop 50% in Value

The competitive nature of cryptocurrencies makes sustaining market momentum all the more challenging. In the world of masternode-capable currencies, that situation is no different. A fair few currencies currently struggle to sustain their trading volume and price. That is usually not a good sign, but it is to be expected. Most of these losses can be negated with relative ease, though.

TittieCoin (TIT)

Although the name is quite marketable, it would appear the new TittieCoin faces an uphill battle in the price department. Following a net 63% loss in value over the past 24 hours, this altcoin is not looking too appealing to investors. Masternode owners won’t be too happy about this market momentum either. Even so, one TIT node is still valued at $580, which is rather interesting to take note of.

NodeXchange (NXG)

It is anything but surprising to learn NodeXchange is struggling for trading volume. The project is currently valued at just $196, which is unusual for many different reasons. The masternode ROi for this project is well over 1,600%, albeit that won’t amount to much at this stage. A steep 59.5% loss at this stage can spell the end for projects. It will be interesting to see of NXG can make a strong comeback.

Eternity (ENT)

Even though Eternity has a healthy market cap and a promising ROI, its volume is troublesome. Just $2 in trades occurred over the past 24 hours. Even with this low volume, a 56.6% decline in value has been recorded. For a project with 130 masternodes online, this trend is not promising by any means. Turning the ship around may prove very challenging, all things considered.

Ad Node (ADD)

A lower market cap coin struggling for traction is nothing new. Ad Node has $374 in trading volume, and a total market cap of over $3,300. Considering how there are 334 nodes online, few people expected a 50.37% price drop. Even so, this situation an remain in place until more volume materializes. Manipulation of this market doesn’t take much effort, it seems.

CrowdCoin (CRC)

Despite having a near $3m market cap, CrowdCoin is struggling a fair bit. Just $14 in trading volume results in a 50.25% value decline. It is evident these markets see  a fair bit of price fluctuations throughout the week. CrowdCoin is relatively successful so far, based on its market cap alone. However, it remains to be seen if this lost value can be recovered. There are still just 70 masternodes online right now, which isn’t all that much.


Information provided by Masternodes.online.

Disclaimer: All information provided in this article is for educational and entertainment purposes only. MNMMG Does not offer investment advice and is not responsible for any financial losses sustained by its readers.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *