$NXPC NEXPACE (NXPC) fell by 7.84% in 24 hours due to the loss of momentum in gaming tokens, profit-taking after intraday technical rebounds, and a market rotation that shifted towards the cryptocurrency Bitcoin.
Primarily, the decline in these 24 hours was due to failed rumors about an agreement with Tencent that triggered sales after initial gains in the intraday increase, prior to the 24 hours.
The low liquidity increased volatility (turnover index: 0.32).
The increase in BTC dominance (rising to 63.99% of the market volume) diverted funds from altcoins towards the leading cryptocurrency.