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ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure 


by CoinEdition
ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure
  • Arbitrum (ARB), EOS, and Zcash (ZEC) recently hit a fresh all-time low.
  • EOS is down 97% from its peak of $22.89, and ZEC is trading at $43, far away from its $5,941 ATH.
  • The market crash is attributed to the global economy being alarmed by geopolitical tensions

Following recent market-wide downturns, the prices of Arbitrum (ARB), EOS (EOS), and Zcash (ZEC) hit rock bottom as investors’ sentiment shifted. On August 5, ARB tanked to $0.4317, setting a fresh all-time low (ATL) in its price history. While ARB has briefly recovered, trading at $0.5771 at press time, it is still down 75.7% from its all-time high of $2.4 in January 2024. 

ARB, the governance token for the Arbitrum network, faces increasing competition from other layer-2 solutions.

EOS, a blockchain platform designed for scalable decentralized applications, has also suffered significant losses. The EOS token currently trades at $0.4971, after falling to an all-time low of $0.41988 on August 5th. This represents a staggering 97% decline from its peak of $22.89 in April 2018.

Zcash, known for its privacy features, hasn’t escaped the downturn. ZEC also saw a sharp decline last week, hitting an a…

The post ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure  appeared first on Coin Edition.

Read the article at CoinEdition

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ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure 


by CoinEdition
ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure
  • Arbitrum (ARB), EOS, and Zcash (ZEC) recently hit a fresh all-time low.
  • EOS is down 97% from its peak of $22.89, and ZEC is trading at $43, far away from its $5,941 ATH.
  • The market crash is attributed to the global economy being alarmed by geopolitical tensions

Following recent market-wide downturns, the prices of Arbitrum (ARB), EOS (EOS), and Zcash (ZEC) hit rock bottom as investors’ sentiment shifted. On August 5, ARB tanked to $0.4317, setting a fresh all-time low (ATL) in its price history. While ARB has briefly recovered, trading at $0.5771 at press time, it is still down 75.7% from its all-time high of $2.4 in January 2024. 

ARB, the governance token for the Arbitrum network, faces increasing competition from other layer-2 solutions.

EOS, a blockchain platform designed for scalable decentralized applications, has also suffered significant losses. The EOS token currently trades at $0.4971, after falling to an all-time low of $0.41988 on August 5th. This represents a staggering 97% decline from its peak of $22.89 in April 2018.

Zcash, known for its privacy features, hasn’t escaped the downturn. ZEC also saw a sharp decline last week, hitting an a…

The post ARB, EOS, ZEC Prices Tumble to Record Lows Amid Recession Pressure  appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Solana closed June near $150, recovering from a local low around $136 earlier in the ...
3 Big Reasons Why XRP Could Surge in July

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It’s been a quiet few months for XRP, with the price mostly moving sideways after a s...