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Only Four Binance Spot Assets Trade Above Pre-Crash Levels

Zcash, RDNT, Succinct, and Morpho post gains, while the vast majority of listed assets remain below previous valuations.

ZEC
MORPHO

Summary

According to The Block president Larry Cermak, only four out of 429 spot assets listed on Binance are trading above pre-crash levels. Zcash, RDNT, Succinct, and Morpho have posted respective gains of 17%, 15%, 12%, and 3%. The remaining assets have all declined in value.

Terms & Concepts
  • Spot Asset: A financial instrument, such as a cryptocurrency, traded for immediate delivery on an exchange at the current market price.
  • Pre-Crash Levels: The price levels of assets before a significant market downturn, often used as a benchmark for recovery analysis.
  • Binance: One of the world's largest cryptocurrency exchanges, offering spot, futures, and various other digital asset trading services.