In short: Bitcoin rose close to $30,000 in the past 24 hours but hasn't breached the level yet. Altcoins such as ETH, SOL, and UNI also rose by 4% daily, while memecoins PEPE and Floki Inu surged by double digits. PEPE, which has no actual use, entered the top 50 digital assets by market cap after Binance listed it in its innovation zone. Meanwhile, FLOKI surged by over 40% and is now trading at around $0.00005. The total crypto market cap has reclaimed the $1.2 trillion line after gaining around $20 billion daily.
Our quick analysis:
Bitcoin made a valiant effort to breach the $30,000 mark within the last 24 hours, only to fall just short. Meanwhile, other altcoins have seen more steady gains, with Ethereum inching closer to $2,000 and Solana and Uniswap seeing mild increases of 4%. However, the real stars of the crypto scene this weekend were memecoins PEPE and Floki Inu, with both experiencing double-digit surges and landing spots on the list of top 100 digital assets by market cap.
While Bitcoin's dominance over other cryptocurrencies remains high at 47%, its market capitalization has neared $570 billion. The past few days marked a significant boost for PEPE, which launched in April as a memecoin lacking real utilization. Nevertheless, Binance's announcement of PEPE and Floki Inu listings in its innovation zone spurred surging prices for both, causing Floki Inu to leap over 40% in the past 24 hours.
Although BTC's value continues to stagnate just below $30,000, the total crypto market cap has surpassed $1.2 trillion after seeing a daily gain of around $20 billion. While these fluctuations may be dizzying for some investors, it's all just another weekend in the unpredictable world of cryptocurrency.
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Bitcoin made a valiant effort to breach the $30,000 mark within the last 24 hours, only to fall just short. Meanwhile, other altcoins have seen more steady gains, with Ethereum inching closer to $2,000 and Solana and Uniswap seeing mild increases of 4%. However, the real stars of the crypto scene this weekend were memecoins PEPE and Floki Inu, with both experiencing double-digit surges and landing spots on the list of top 100 digital assets by market cap.
While Bitcoin's dominance over other cryptocurrencies remains high at 47%, its market capitalization has neared $570 billion. The past few days marked a significant boost for PEPE, which launched in April as a memecoin lacking real utilization. Nevertheless, Binance's announcement of PEPE and Floki Inu listings in its innovation zone spurred surging prices for both, causing Floki Inu to leap over 40% in the past 24 hours.
Although BTC's value continues to stagnate just below $30,000, the total crypto market cap has surpassed $1.2 trillion after seeing a daily gain of around $20 billion. While these fluctuations may be dizzying for some investors, it's all just another weekend in the unpredictable world of cryptocurrency.
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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Please, behave!