Many tokens and assets have begun to recover in price on Friday morning. Throughout the week, many top-ranked projects, including Polkadot (DOT), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), and more fell over 35% for the week. This fall brought the crypto market cap down to $1.2 Trillion USD.
Recovering from the Terra Project
Many of these coins are beginning to recover as Terra and TerraUSD hit new lows. Over the last week during the depegging of USDT, many crypto assets took a hit as it was a stablecoin that had reached into many chains and DeFi projects. It's destabilization caused havoc and fear in many crypto spaces, along with losing any Terra investor most of their investment.
As projects begin to exclude TerraUSD or have allowed for it to trade at market price, many assets are beginning to rebound. Many of these assets are recovering quicker than Bitcoin (BTC), which is only up 8% over the last 24-hours compared to double-digit percentage increases for some coins.
Looking at Gains
A fair portion of crypto assets in the top 100 based on market cap have begun to recover over the last 24 hours. While they remain down for the week and month, this recovery is good news for anyone who has invested into the space. Some recovering assets include:
| Coin | 24hr Difference | Trading Price (USD) |
|---|---|---|
| GALA | +63% | $0.099 |
| MANA | +55% | $1.11 |
| DOT | +35.5% | $11.17 |
| SAND | +28.2% | $1.48 |
| MATIC | +27% | $0.72 |
| ADA | +26.1% | $0.58 |
| ATOM | +21.1% | $11.23 |
| XTZ | +18.5% | $1.91 |
| LTC | +14.5% | $71.20 |
| BCH | +11.9% | $214.89 |
Originally Posted on Crypto Crossing