Crypto is falling again, and now coins are fighting to stay in their ranked positions. Litecoin (LTC), EOS, and NEM (XEM) struggle through the losses.
Litecoin is currently selling for $147.31, which puts the coin down 7.88% in the past 24 hours.
Litecoin was rising near the end of yesterday, but the coin has since begun to drop off.
Forbes reported that Litecoin is one of the most popular cryptocurrencies among millennials, third after Bitcoin (BTC) and Ethereum (ETH), respectively. However, this doesn’t seem to be helping LTC climb at the moment. The report stated that approximately 9.19% of millennials (of those surveyed) would be willing to invest $10,000 in a cryptocurrency; 12% of those millennials said they would invest the $10,000 into Litecoin.
The key takeaway here is “would.” Saying that they would invest $10,000 into a cryptocurrency doesn’t necessarily mean that they are, or ever will. I’d be more curious to see a survey that shows how many people currently invest in specific coins.
Will Litecoin fight its way back into the green thanks to millennials? We’ll see.
EOS is currently selling for $5.95, which puts the coin down 9.94% in the past 24 hours.
EOS was selling for as much as $6.63 less than 24 hours ago and it has now dropped below the $6.00 line, falling as low as $5.92.
EOS looks as though it may continue to fall for the next few hours; however, it isn’t time to panic yet. EOS has managed to climb in the rankings and is now ranked as the 6th largest cryptocurrency, when not long ago the coin hovered in and out of the top 10. EOS is considered by some to be a good long-term hold cryptocurrency.
NEM is currently selling for $0.266678, which puts the coin down 10.20% in the past 24 hours.
NEM has been dropping fairly consistently for the past week, save for a few spikes. Since last Monday, XEM has lost nearly 13% in price.
NEM has been put through the wringer recently, and the coin continues to drop despite Coincheck paying back the NEM hack victims. Perhaps those who were paid back decided not to reinvest their money into NEM after it was stolen from them in the first place.
Featured image: Outdoor Channel