RUNE, OMG and SNX Price Surges Despite Major Coins Fumble

English Premier League Recently Filed for Crypto and NFT Trademarks
  • The price of OMG Network had been on a steep decline for about a month.
  • The SNX price has effectively started a massive upswing.

The crypto market fumbled again and the global crypto market cap is $1.75T, a 5.27% decrease over the last day. Major coins including Bitcoin and Ethereum are trading in the red. 

THORChain (RUNE)

For over a month, the RUNE price remained in a stable trend. In addition, on the first day of March, it saw a significant increase. After two days of trading in a negative channel, the price reversed to make things even more enjoyable. The price rose by 35 percent in the first several hours of trade but then fell by 11 percent. After a short consolidation, the asset looks to be ready for another leap higher.

RUNE/USDT: Source: TradingView

According to CoinMarketCap, the THORChain price today is $4.95 USD with a 24-hour trading volume of $383,147,989 USD. THORChain has been up 5.77% in the last 24 hours.

OMG Network (OMG)

The price of OMG Network had been on a steep decline for about a month, indicating that a surge was long overdue. Perhaps the asset tried to break through the downward trend earlier, but it was unsuccessful. However, since the beginning of March, the coin has lost another 20% of its gains. However, a massive surge in purchasing volume helped to raise the asset’s price above the dwindling trend line.

OMG/USDT: Source: TradingView

According to CoinMarketCap, the OMG Network price today is $4.45 USD with a 24-hour trading volume of $717,348,016 USD. OMG Network has been up 11.71% in the last 24 hours.

Synthetix (SNX)

Last week, the SNX price fluctuated inside a narrow trading range after breaking down from solid support levels. The SNX price has effectively started a massive upswing since the previous trading day after repeated unsuccessful efforts to cut through the consolidation. In the early hours of trade, the asset had attained a value of close to $5.

SNX/USDT: Source: TradingView

According to CoinMarketCap, the Synthetix price today is $4.43 USD with a 24-hour trading volume of $212,966,897 USD. Synthetix has been down 3.61% in the last 24 hours.

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.