The global cryptocurrency market has seen a rally recently. According to analyzed data from CoinMarketCap, the global crypto market, at the time of this article, stood at $ 2.18 trillion with an increase of 0.84% from the last day. The total crypto market volume over the past 24 hours was $ 99.11 billion, which also indicated a drop of 9.47%. However, that said, several cryptocurrencies have traded green and even reached new highs in the past few days.
For example, over the past week, Friday in particular, Dogecoin and SHIBA INU were two cryptocurrencies that really rallied around and saw a sharp increase in the market. The reason these coins won specifically was Elon Musk. Specifically, it was the musk puppy. Ever since the Tesla business mogul and CEO announced the name and more recently the arrival of his new pup Shiba Inu on Twitter, the cryptocurrency market and investors there have flocked to Dogecoin and SHIBA. . It was the famous ‘Musk’ effect at work.
This Musk effect was so “effective” that Dogecoin climbed to 9th place on CoinMarketCap with a price tag of $ 0.2442. Although at the time of writing the coin was trading in the red at 3.01% in the last day, the change during the week was 1.91%. Likewise, SHIBA INU had jumped 21% on Friday according to information on Coinbase, reported by Techstory.
With that in mind, there have also been several underdog crypto coins that have seen huge gains in the past 24 hours according to CoinMarketCap. These cryptocurrencies have passed the triple digit mark and are in a range of around 200% to almost 500%.
Top 10 cryptocurrency winners (according to data from CoinMarketCap)
1) Gravitoken – $ 0.00114 – 499.25% change in the last 24 hours
2) Around the Network – $ 990.82 – 350.14% change in the last 24 hours
3) Biconomy Exchange Token – $ 0.00003486 – 276.14% change in last 24 hours
4) Greenex – $ 0.03983 – 274.86 percent change in the last 24 hours
5) Oracle Bridge – $ 0.0008047 – 186.49 percent change in the last 24 hours
Now, when it comes to the relatively well-known cryptocurrencies in the market, the data indicated that Bitcoin was performing quite well on Saturday with the price hitting almost $ 50,000. The price of Bitcoin at the time of this article was $ 48,519.23, which was trading green at 1.60% in the past 24 hours. The change over the week for the top phantom piece was 7.38%. Data from CoinMarketCap indicated that the Bitcoin market dominance was 42.12% and saw an increase of 0.37% during the day.
Ethereum was trading 0.10% with a price of $ 3,508.47. Likewise, a good chunk of the other top coins were trading in red over the past 24 hours. Here is the list.
Bitcoin – $ 48,519.23 with a change of +1.60% in the last 24 hours
Ether – $ 3,508.47 with a change of -0.10% over the last 24 hours
Cardano – $ 2.40 with a change of -0.02% in the last 24 hours
Binance Coin – $ 416.76 with a change of -0.35% in the last 24 hours
Tether – $ 0.9998 with a change of -0.02% over the past 24 hours
XRP – $ 1.09 with a change of + 0.16% in the last 24 hours
Solana – $ 159.21 with a change of + 13.62% in the last 24 hours
Polkadot – $ 34.76 with a change of -1.78% in the last 24 hours
Dogecoin – $ 0.2438 with a -2.55% change in the last 24 hours
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