How’s the Crypto Market Performing Today?
With the surge in greedy sentiments per the fear and greed index, the crypto market is moving towards a bullish situation. The global market cap has reached $2.56T, whereas the worldwide trading volume is at $80.15 Billion after a 20% surge.
Moreover, Bitcoin’s dominance is still above the average at 53.1%, with a slight increase in Bitcoin’s price, pushing its value above the $69K mark earlier. However, it has declined again and is currently trading at $68,890.
Looking at the meme coin market, the market cap is at $62B with a trading volume of $7.7 Billion with a 24% surge. Also, meme coins have been the most profiting cryptocurrencies for some days now, where coins like Gamestop, PEPE, and STRUMP have recently made huge gains.
Heading to the Solnana network, the crypto market is also profiting as the market cap is at $231 Billion with a 24-hour trading volume of $69.6 Billion after a 17% surge. The network is witnessing more and more profiting options, with crypto traders making the best of the gains in Solana coins.
Most Profiting Cryptocurrencies In The Crypto Market Today
With the mix of bulls and bears, the crypto market is divided into gainers and losers today. The DOG GO TO MOON, a dog-based cryptocurrency, has surged 23% today, becoming the most profitable cryptocurrency of today. Next on the list is Kaspa, which has increased 18% in value from yesterday and is currently trading at $0.1746.
Impressively, Notcoin is still maintaining its uptrend and has surged 209% over the week. Of these, 17% of value is added to its price just today. JasmyCoin also maintains the surge, trading at $0.038 after a 13% hike in the last 24 hours.
Declining Cryptocurrencies of The Day
Despite the greedy sentiments, a few crypto assets, including the Pepe Coin, have faced a downtrend. The frog meme coin had its best performance in May but declined 5% in the last 24 hours. PEPE price is now at $0.00001441 and is moving away from the recently created ATH of $0.00001718.
Shiba Inu price is also declining today after a good price improvement yesterday. It is now trading at $0.00002392, which is the lowest point of the week. Further in the list of declining list, we have GALA, BONK, Bitget Token, and much more.
Still, the crypto market is comparatively bullish and is making gains for the traders. And the ones that have declined today have provided the perfect opportunities to buy at low and sell once the market recovers.
Continue Reading 5 Best Stablecoins To Start Your Crypto Investment in June 2024
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