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A lot is going on in the digital assets sector with every kind of regulation coming in, and more people getting involved in the cryptocurrency market. Bitcoin’s (BTC) price, was trading sideways early on Wednesday and was still below the $30,000 threshold at $28,618.20. Other well-known altcoins, Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), also experienced losses on the other side of the border.
Ethereum is trading at $1,796.9, with more than a 1% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed an almost 4% dip. Solana also faced a reduction, with its price plummeting by 1.54%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is down by 1.71% since the last day. Polkadot coin price saw a decline of 0.92% in its price, in one day.
The realm of meme cryptocurrencies also tells a similar story. In the past 24 hours, Dogecoin’s price witnessed a reduction of 4.32%, while Shiba Inu’s token price experienced a steeper decline of 8.51%.
The crypto market today is mostly bearish with few exceptions. The global crypto market cap stands at $1.14 trillion. The 24-hour crypto market volume stands at $36.83 billion, with a 20.70% increase.
The top 4 cryptos for today are:
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Pepe coin is down by 4.79%
Pepe coin price is down by almost 5% and the price stands at $0.000001195, at the time of writing. It has a global market cap of $468.14 million. Even though the coin is trading on red lines now, the support for this meme coin is quite high. Despite Pepe’s meme-inspired beginnings, the cryptocurrency has grown significantly over the past few months. Due to Pepe’s committed community involvement, PEPE Coin is anticipated to keep luring investors.
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SEI token is down by 11.91%%
SEI token was among the top gainers yesterday with a rocket-high bull run, but today that seems to have a back seat. The token is down by almost 12% in the last 24 hours. At the time of reporting, the price stands at $0.1988, with a global market cap of $357,751,744. The debut of Sei on Tuesday, a new trading-focused blockchain funded by Jump Crypto and Multicoin Capital, sparked a flurry of trading for the project’s newly released SEI token and increased its first-day market valuation to more than $400 million.
Also Read: Shiba Inu’s Layer-2 Blockchain Shibarium Is Live
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Conflux (CFX) price is down by 8.51%
Conflux (CFX) token is a new addition to the top cryptos of the day list. It has a ranking of 60 in the CoinMarketCap crypto rankings. Its price is down by almost 9% in the last 24 hours and now the price is trading at $0.1589. It has a global market cap of $503,106,547, at the time of writing. The CFX price is currently stabilizing in a range close to the swing low and struggling to attract buyers. It can encourage more selling volume to hit the market, and the price might decline and look for support at lower levels.
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Rocket Pool (RPL) token price is up by 3.79%
Rocket Pool (RPL) token is yet another addition to this list. It has a ranking of 24 in CoinMarketCap, with a global market cap of $533,853,280. The price of the token is up by almost 4% in the last 24 hours. The price is trading at $27.21, at the time of writing. Coinbase announced a week back the purchase of RPL, the native token of the liquid staking network, from RocketPool. RPL, which provides direct incentives, insurance, and governance for the Rocket Pool ecosystem, increased by more than 9% immediately following the announcement.
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