Here’s What’s Happening In The Crypto Market Today

There are only three months left in 2024 to end, so a lot is at stake, especially since September is the worst-performing month. This becomes more important in the case of Bitcoin, which has already declined more than 7% since the month began. Moreover, Bitcoin’s performance has drastically affected the crypto industry as the rest of the cryptocurrencies. However, the crypto market today may differ due to significant recoveries in the token’s values.

Overall Crypto Market performance

In the last few days, the user’s sentiments have turned to fear, but it has recovered slightly today, currently standing at neutral. As a result, Bitcoin has recovered 1.15%, currently at $55,224, and the same is true with the Ethereum price, currently at $2,316  after a 0.59% surge. However, the Ripple (XRP) price risks crashing to $0.45, Solana is struggling to make a comeback, and a few other cryptos are in red.

Further, in the meme coins category, Dogecoin price hit the 160-day barrier thanks to Elon Musk’s tweet. Moreover, SHIB, PEPE, and WIF are also attempting to recover, whereas FLOKI, DOGS, and POPCAT declined.

Overall, the crypto market is in the greener zone, with most of the cryptocurrencies suceeding at recovery compared to yesterday. This has boosted the global market cap to $1.96 Trillion after a 0.9% surge, with the trading volume witnessing an increase of 34%, pushing the TV to $52.73 Billion.

However, it is not the best performance of the market, but it is a significant recovery from the earlier crash.

Best Performers of The Crypto Market Today

Despite lacking a bullish push, few cryptocurrencies have maintained a significant demand, aiding their current price surges. At the time of reporting, ZTX and Ben The Dog are the best-performing tokens. More importantly, both of these are gaming tokens, which is quite new as earlier, the AI tokens were in the most demand.

ZTX is the native token of the ZTX, a decentralized metaverse platform, currently trading at $0.00682. It has gained a significant hike of a 31% surge in the last 24 hours. This surge is due to the increased network activity, pushing the Trading volume to $11,943,535 after an almost 1632% surge. On the other hand, Ben The Dog (BENDOG) is a popular meme coin launched by Solana’s creator, Anatoly Yakovenko. Today, it is the best performer of the day, bagging the highest gains per CoinmarketCap. It is currently at $0.0157 after a 35% surge in the last 24 hours.

Worst Performers of The Day

MAGA (MAGA) is the worst performed of the day, after a 12% decline in the last 24 hours. After the Donald Trump vs Kamala Harris debate, this meme coin consolidatin followed by a downtrend today, losing more than 14% of its value over the week. As a result, it is currently trading at $2.64$0.00008568 with a market capitalization of $33.47M.

Next is the Nubcat (NUB), which has lost 9% of its value in the last 24 hours. It is a newly launched, cat-themed token and is under a downtrend after peaking at $0.1013 at the start of its launch. It is currently valued at $0.009579 with a market cap of $9,102,597.

Final Thoughts

The Crypto Market today is in a neutral phase, as no breakthroughs have happened till now. Overall, the market is recovering, with a few exceptions like PUPS, GINNAN, etc. Moreover, the remaining has not also bagged the biggest gains. More importantly, Bitcoin price is struggling below the $56K mark, and Ethereum is down to $2300, proving the Bitcoin September Loss or Slump. This has proven a histrical stats of September being the poorest performing month of the year.