Markets
How is the crypto market performing today?
With the rise of greedy feelings according to the fear and greed index, the crypto market is moving towards a bullish situation. THE global market capitalization reached 2.56 billion dollars, while the global trade volume is 80.15 billion dollars after an increase of 20%.
Moreover, The dominance of Bitcoin is still above average at 53.1%, with a slight increase in the price of Bitcoin, pushing its value above the $69,000 mark earlier. However, it fell again and is currently trading at $68,890.
Looking at the meme coin market, the market capitalization is $62 billion with a trading volume of $7.7 billion with an increase of 24%. Also, coins
have been the most profitable cryptocurrencies for a few days now, where coins like Gamestop, PEPE, and STRUMP have recently made huge gains.
Heading towards the Solnana network, the crypto market is also benefiting as the market cap stands at $231 billion with a 24-hour trading volume of $69.6 billion after a 17% rise. The network is seeing more and more profitable options, with crypto traders making the most of the gains from Solana coins.
The Most Profitable Cryptocurrencies in the Crypto Market Today
With the mix of ups and downs, the crypto market today is divided into winners and losers. DOG GO TO MOON, a cryptocurrency based on dogs, surged 23% today, becoming the most profitable cryptocurrency today. Next on the list is Kaspa, which increased in value by 18% from yesterday and is currently trading at $0.1746.
Impressive, Notcoin still maintains its upward trend and jumped 209% over the week. Of these, 17% of the value is added to its price today alone. JasmyCoin also maintains its rise, trading at $0.038 after rising 13% in the last 24 hours.
Cryptocurrencies down today
Despite the miserly sentiments, a few crypto assets, including Pepe Coin, faced a downward trend. The frog coin had its best performance in May, but is down 5% in the last 24 hours. PEPE Price is now at $0.00001441 and moving away from the recently created ATH of $0.00001718.
Shiba Inu Price is also down today after a good price improvement yesterday. It is now trading at $0.00002392, which is the lowest point of the week. Further down the descending list we have GALA, BONK, Bitget Token and much more.
Nonetheless, the crypto market is relatively bullish and generating gains for traders. And those that declined today provided ideal opportunities to buy low and sell once the market recovers.
Continue reading 5 Best Stablecoins to Start Your Crypto Investment in June 2024