On Thursday, the cryptocurrency price charts are showing promise as many major altcoins are in a bullish trend. However, it’s important to note that the overall cryptocurrency market cap is still relatively low.
On Thursday, the crypto market saw more gains than losses, with Bitcoin and most other altcoins showing signs of price recovery within the past 24 hours. However, it’s worth noting that the Fear and Greed Index, which measures market sentiment, remains in the fear zone at a score of 35 out of 100.
Bitcoin (BTC) is still trading below the $30,000 mark, currently at $25,785.68, with only a minimal 0.08% increase in the past day. Meanwhile, some well-known altcoins like Cardano (ADA) and Solana (SOL) experienced losses.
Ethereum is trading at $1,637.33, showing a modest 0.32% increase in the last 24 hours. Among other prominent cryptocurrencies, XRP recorded a 0.35% loss, while Solana faced a bearish trend, dropping by 1.93%. On the other hand, Polygon (MATIC), which had recently been on a downward trend, is down by 0.19% in the past day. Polkadot saw a nearly 0.49% increase in its price.
In the world of meme cryptocurrencies, there’s mixed sentiment. In the past 24 hours, Dogecoin’s price decreased by approximately 0.67%, while Shiba Inu’s token price went up by nearly 0.29%.
Overall, the crypto market is showing some signs of price recovery today, with a few exceptions. The total global crypto market cap is currently at $1.04 trillion, and the 24-hour trading volume has increased by more than 10.80% to $26.74 billion.
The top 4 cryptocurrencies today are:
1. Pepe coin has risen by 0.89%: Pepe coin has seen a slight increase in its price for two days in a row. The price has gone up by nearly 1% since yesterday, and it’s currently trading at $0.0000008034 as of now. Its total market value stands at $315.02 million. While Pepe coin is currently in a bullish trend, it’s essential for coin holders to keep a close watch on its price patterns for any potential reversals.
Pepe Price Chart
2. The RUNE crypto token has increased by 7.31%: In the past 24 hours, THORChain’s RUNE token has surged by nearly 8%. Currently, its price is at $1.60. The token’s total market capitalization stands at approximately $541.6 million. Despite the selling pressure observed in the market over the past week, RUNE has managed to maintain its value and has even increased by over 4% during this same period.
RUNE Price Chart
3. The RNDR crypto token has increased by 5.82%: In the past 24 hours, the price of Render’s RNDR token has risen by over 5%. Currently, it’s trading at $1.45. The token’s total market value is around $538.4 million. RNDR has also shown resilience in the face of market declines over the past week, consistently maintaining positive gains.
RNDR Price Chart
4. The SOL token has decreased by 1.63%: In the past 24 hours, Solana’s SOL token has seen a decline of more than 1%. Its current trading price is $19.70, as of the latest update. The token’s overall market value stands at approximately $8.07 billion. This drop comes after SOL had experienced notable price increases over the past few days. However, data from DefiLlama suggests that Solana’s Total Value Locked (TVL) and stablecoins market capitalization have not shown significant changes during this time.
SOL Price Chart
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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