The cryptocurrency market is constantly moving, attracting many investors’ attention. Today, we explore Bitcoin’s uptick in price, significant market changes driving behaviors, and cryptocurrencies that are topping the charts. This is your daily crypto news round-up, which you can glance through to keep abreast of all that is up and up in crypto!
Bitcoin
At the time of writing, Bitcoin is trading at $65,780.67, a 22% increase in its 24-hour trading volume. Many analysts expect continued gains as the currency has breached its prior support level of $62,570 and continues to move upwards. Finally, on Friday, the German government’s cryptocurrency wallet balance was zeroed as the government sent all their bitcoin holdings to various exchanges and market makers. This disturbed the market sentiment and put investors under pressure, but BTC survived the uncertainty and moved forward. Further, Trump’s assassination attempt has skyrocketed BTC’s price, with investors finding more value in digital currencies with the current crypto-support Trump has shown of late.
Ethereum
Over the last 24 hours, Ethereum has gained 20.02% of its value and is currently trading at $3,486.45. The inflow implies increasing investor demand and bullish market sentiment. The market has started to get bullish ETH with a possible ETF approval on the horizon. This will likely see a wave of institutional capital flowing into Ethereum, thus enhancing its cryptocurrency market cap enormously. This general bullish sentiment suggests that Ethereum could be on the verge of experiencing further upside.
Solana
Solana is currently trading at $161.89. An 18.67% jump in active addresses and transaction volumes is seen via on-chain data within 24 hours. This points toward vigorous network activity. The analysts seem incredibly bullish about Solanna as they imagine all the NFT drops like Death Valley, ChimpDrops Genesis, and other network developments ahead, including upgrades to areas such as performance improvements with Solana Mainnet Beta. Solana is one of the best-performing tokens, trading a 24-hour low bid and a high of $163.40 in 24 hours, demonstrating stability.
Ripple
XRP, the native token of Ripple, is on the rise. With Ripple being selected by CNBC as one of the top 250 fintech companies of 2024, XRP’s price will slowly take off. At the time of writing, XRP is trading at $0.6058, a solid 10.14% rise in 24 hours. In just 72 hours, XRP’s current price has increased by +17.90%. With strong investor sentiment, it is one of the top five coins to have increased in volume in the last 24 hours. Further, as SEC plans to hold a final closed meeting to discuss the settlement strategy on 18th July, XRP’s price will fly higher.
Memecoins
SHIB
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The price of Shiba Inu (SHIB) is currently at $0.00001951, with a slight change in percentage that reached 2.23 % in less than 24 hours. But now, the new WW3 Shiba has hit the crypto market. Powered by SHIB, WW3 is a charity-theme play-to-earn gaming. In addition to all its gameplay, WW3 Shiba rewards the community with airdrops, token prizes, and other discounts. That charitable part has also allowed SHIB to stay stable in the market. The day has not been good, with SHIB hitting at least $0.0000198 and below, falling to near $0.0000185.
DOGE
Based on data from CryptoQuant, Dogecoin (DOGE) is trading at $0.1259, representing a 2.91% increase in value over the last 24 hours, with the daily volume of trading around USD 966,158,050. DOGE comes explicitly in first place on the GMCI Meme Index, a testament to its commanding position among meme coins. The index denotes an oversold condition with the price near its two-week high, which indicates a likely trend turnaround. Under these circumstances, analysts are also expecting a hesitant outlook for DOGE. A reversal could see DOGE consolidate around $0.1200 before resuming higher if market sentiment remains on the upside.
Top 24-hour trendsetters: Right time to invest!
Apart from Bitcoin, here are some top trending tokens in the market in the last 24 hours:
Notcoin
In the last 24-hour period, NotCoin (NOT) has traded for $0.01684, a rise of over 3%. NOT now has a trading volume of $461,088,423, showing increased investor interest. NotCoin boasts a market cap of 1,725,135,109 dollars, with a circulating supply exceeding more than 102 billion tokens. In comparison to that, the recent performance provided substantial market activity. This uptrend and significant trading volume are a signal for investors to capitalize on the token, which is currently the highest rank in CoinmarketCap.
Pepe
Pepe (PEPE) is changing hands at $0.00001263, a 6.82% change in the past day. Pepe also ranked 6th on CoinMarketCap with a trading volume increase of 7.38%. Investors also want to be aware that there has been a lot of market activity around Pepe and the potential for more price movement, especially as the leading meme coin player with solid community backing.
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That brings us to a close for a new crypto digest, with Bitcoin, Ethereum, and Solana gaining momentum along with Ripple, as some big players in the market show moments of strength. SHIB and DOGE may have potential new projects, with meme coins continuing to attract some interest. Top Trendsetters with NotCoin and Pepe – a visible indication of solid demand in the investor community can be felt. As with anything in this new economic paradigm, market movements could change again (and probably will), so keep up with CryptoNewZ as we get you the information that matters!
