Market Report: January 10, 2026 - Top 5 Cryptocurrency Declines, with Midnight experiencing the largest drop

NIGHT-3,58%
ZEC-7,66%
TON2,51%
LIT-10,82%

Gate.io News Bot Message, January 10, 2026. According to CoinMarketCap market data, the overall market is in a correction phase, with the privacy coin sector under significant pressure, and several leading coins experiencing pullbacks. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ NIGHT (Midnight) 📉 Current Price: $0.66 | Change: -10.87% 📊 24H High/Low: $0.74 / $0.65 | Market Cap: $110 million ⚠️ The privacy coin sector is under overall pressure. Midnight, as an emerging privacy stablecoin project, has launched the innovative ShieldUSD product but has followed the sector’s correction during the privacy coin ecosystem restructuring.

2️⃣ ZEC (Zcash) 📉 Current Price: $398.53 | Change: -7.31% 📊 24H High/Low: $534.94 / $451.04 | Market Cap: $6.567 billion ⚠️ The ongoing departure of the core development team Electric Coin Company continues to ferment news. Although the foundation emphasizes Zcash as a decentralized protocol, market confidence has been affected. On-chain development activity has dropped to its lowest since November 2021, with a 40% correction in two months. Whales panic liquidations have resulted in nearly $5 million in losses.

3️⃣ TON (Toncoin) 📉 Current Price: $1.73 | Change: -6.38% 📊 24H High/Low: $1.84 / $1.73 | Market Cap: $4.184 billion ⚠️ Large on-chain transfers are active, with over 2 million TON flowing out from anonymous addresses, causing market liquidity fluctuations. Although the Telegram ecosystem provides support, the TON ecosystem is experiencing a period of adjustment.

4️⃣ LIT (Lighter) 📉 Current Price: $2.82 | Change: -6.23% 📊 24H High/Low: $3.25 / $2.48 | Market Cap: $705 million ⚠️ Competition in the perpetual contract sector is intensifying. Although the Lighter buyback mechanism once drove LIT up by 16%, profit-taking at high levels has appeared, and market participation has fluctuated. After multiple whale accumulations, the upward momentum could not be sustained.

5️⃣ CC (Canton) 📉 Current Price: $0.13 | Change: -6.11% 📊 24H High/Low: $0.13 / $0.12 | Market Cap: $4.836 billion ⚠️ The positive impact of JPM Coin launching on Canton Network could not sustain, and market expectations for the tokenization of traditional financial assets have adjusted. The Senate’s stablecoin yield rule adjustment expectations have triggered a wait-and-see sentiment.

📉 Market Summary: The privacy coin sector faces a major turning point. Ongoing core team changes in ZEC continue to impact market confidence, and large on-chain outflows from traditional assets have triggered panic. Profit-taking pressures are evident in perpetual contracts and emerging DeFi projects at high levels, with market risk appetite declining. This message is not investment advice; investors should be aware of market volatility risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Did Kaspa (KAS) Price Just Hit Its Cycle Low? Analyst Breaks Down What Could Happen Next

Kaspa (KAS) may be nearing a price bottom as it approaches key technical indicators like Fibonacci levels and a long-term trendline. Analysts suggest the cryptocurrency could stabilize around $0.24, potentially paving the way for a future upward move towards $1, contingent on market conditions.

CaptainAltcoin46m ago

Polkadot to Reset Tokenomics on March 12 With Major DOT Supply and Staking Changes

Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%. The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours. On March 12, Polkadot will reset

CryptoNewsFlash1h ago

Solana Eyes $90.6 Trigger Point as $83 Support Holds and Liquidation Pressure Builds

A large cluster of short positions faces liquidation if SOL reaches $90.6, potentially increasing volatility. SOL trades between $83.00 support and $89.58 resistance, keeping price action compressed in the short term. SOL posts a 0.8% daily gain and rises 0.7% against BTC, holding

CryptoNewsLand2h ago

Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?

XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.

CryptoNewsLand2h ago

Solana Nears $95 Resistance With $17B Volume Surge

Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.

CryptoFrontNews2h ago

Analyst Says Bittensor (TAO) Could Be Ready for a Spike – Here’s the Price Target

Bittensor (TAO) is standing out again after spending months moving sideways. The AI-focused token has been hovering near a key support zone, and some analysts believe the chart may be setting up for a larger move. Crypto analyst Karamata shared a breakdown of the TAO chart, arguing that

CaptainAltcoin2h ago
Comment
0/400
HaoranClubvip
· 01-10 02:41
Study diligently and make progress every day. Stay true to your original aspiration, and you will achieve your goal.
View OriginalReply0