Blockchain
How is the cryptocurrency market doing today?
With the wave of greedy feelings for the indicative of fear and greed, the cryptocurrency market is moving towards a bullish situation. THE global market capitalization reached $2.56 trillion, while global trade volume stood at $80.15 billion after a 20% increase.
Furthermore, Bitcoin’s dominance it is still above average at 53.1%, with a slight increase in Bitcoin’s price, pushing its value above the $69,000 mark. However, it dropped 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 an increase of 24%. Also, meme coins
have been the most profitable cryptocurrencies for a few days, while coins such as Gamestop, PEPE and STRUMP have recently achieved huge gains.
Heading towards the Solnana network, the cryptocurrency market is also profiting as the market cap stands at $231 billion with a 24-hour trading volume of $69.6 billion after a 17% increase. The network is seeing more and more profitable options, with cryptocurrency traders making the most of Solana coin gains.
The most profitable cryptocurrencies in the cryptocurrency market today
With the mix of bulls and bears, the cryptocurrency market today is divided into winners and losers. DOG GO TO MOON, a dog-based cryptocurrency, surged 23% today, making it the most profitable cryptocurrency today. Next on the list is Kaspa, whose value has increased by 18% since yesterday and is currently trading at $0.1746.
Impressive, Not money it is still maintaining its uptrend and is up 209% during the week. Of these, only 17% of the value is added to its price today. JasmyCoin also maintains its surge, trading at $0.038 after a 13% increase in the last 24 hours.
Cryptocurrencies of the day falling
Despite feelings of greed, some crypto assets, including Pepe Coin, faced a downtrend. The frog meme coin posted its best performance in May, but fell 5% in the past 24 hours. Price PEPPER it is now at $0.00001441 and moving away from the recently created ATH of $0.00001718.
Shiba Inu Price it is also decreasing today after yesterday’s good improvement in prices. It is currently trading at $0.00002392, the lowest point of the week. Further down the list of declining lists we have GALA, BONK, Bitget Token, and more.
However, the cryptocurrency market is relatively bullish and is making gains for traders. And those that fell today provided perfect opportunities to buy at low prices and sell once the market recovers.
Keep reading The 5 best stablecoins to start your cryptocurrency investment in June 2024