NewsletterHow’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
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Related Articles
- Bitcoin to Drop to $10K? Bloomberg Analyst Makes Bold Prediction
- U.S. Banks May Soon Issue Stablecoins as FDIC Proposes GENIUS Act Framework
- Breaking: U.S. SEC Ends Four-Year Investigation Into Aave Amid Ongoing DAO Saga
- Breaking: U.S. Jobs Data Comes In Above Expectations, Bitcoin Price Rises
- Bitcoin Risks Deeper Fall on $20 Billion Crypto Hedge Fund Redemptions
- Solana Price Outlook After Charles Schwab Adds SOL Futures — What Next?
- Pi Network Stares at a 20% Crash as Whale Buying Pauses and Demand Dries
- Here’s How Dogecoin Price Could Rise After Crossing $0.20
- Is XRP Price Headed for $1.5 as Whales Dump 1.18B XRP in Just Four Weeks?
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
