Altcoins In The Red As Market Tries To Recover From FTX Drama

Most altcoins are in the red today as the crypto market is still trying to recover from the FTX meltdown over the last week. This includes altcoins like Polygon (MATIC), Chainlink (LINK), Fantom (FTM), and WOO Network Price (WOO).

MATIC Network / TetherUA 1D (Source: CoinMarketCap)

Data from CoinMarketCap indicates that MATIC is currently trading at $0.8016 after an 8.24% drop in price over the last 24 hours. In addition, the altcoin is still in the red by more than 15% over the last seven days.

MATIC’s 24-hour trading volume is turning heads today as it is currently up by more than 150% to stand at $522,491,704.

Chainlink / TetherUS 1D (Source: CoinMarketCap)

LINK is currently worth $5.75 after a 7.61% drop over the last day. The crypto market is also still in the red, down by more than 7% over the last week.

Fantom / TetherUS 1D (Source: CoinMarketCap)

FTM is trading hands at $0.1711 after a 7.30% drop in price. The altcoin weakened against Bitcoin (BTC) by about 3.50% over the last day but was able to strengthen against Ethereum (ETH) by 0.51%.

With a market cap of $435,627,150, FTM is currently the 71st biggest cryptocurrency in the market in terms of market capitalization.

WOO / TetherUS 1D (Source: CoinMarketCap)

WOO saw a double-digit drop in price over the last 24 hours. The crypto is now worth $0.1096 after a more than 13% price drop. The crypto is also still down 10% over the last week. WOO’s 24-hour trading volume is up by more than 140% to now stand at $20,410,530.

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