Global cryptocurrency Market cap was on Wednesday 27 October Emerging altcoin Shiba Inu posted a record jump of $2.48 trillion in a single day after an unidentified buyer bought 277 billion tokens. The SHIB token, as it is known among those familiar with crypto, was up 27.22 percent at the time of writing this article. At this time the value of one token was $0.00005375. The altcoins climbed up to 7,72,734.25 percent on Wednesday. However, the crypto market cap was down 6.60 percent during the last 24 hours, as shown by data available on CoinMarketCap.
The total crypto market volume in the last 24 hours was $142.61 billion. This is a massive increase of 43.84 percent during the last 24 hours, mainly due to the huge amount of Shiba Inu token purchases made by unknown buyers. The volume of all stablecoins was $113.20 billion, which is a 79.38% percent of the total crypto market’s 24-hour volume.
“The meme coin, the Shiba Inu, has continued its dream over the past 24 hours. Large buying volume kept the coin up. In the coming 24 hours, we may see a consolidation across the spectrum,” said CEO & Co. -Founder, Mudrex, a global crypto trading platform said. Shiba Inu is currently the 11th largest crypto coin with a market cap of around $24. Billions, according to reports.
“The last 24 hours have been a quiet period for the cryptocurrency market. Most of the top 10 cryptocurrencies by market capitalization saw modest profit booking. Hovered around their strong support levels,” added Edul Patel to the overall crypto market.
On the other hand, after touching record highs last week, bitcoin again saw a decline on Wednesday. The most popular altcoin fell 6.23 percent in the last 24 hours and stood at $58,862.03.
“Bitcoin dominance eased marginally, which is a positive sign for altcoins given the overall stability in the market. The total cryptocurrency market cap remained close to $2.6 trillion,” Patel said.
“Ethereum is not far behind as Bitcoin and most other major cryptocurrencies are rising to new lifetime highs. In fact, its long-term weekly pattern looks very promising as there has been an ascending triangle breakout last week, which puts a long-term target for Ethereum above $5000. However, such movements can take time and can be stopped intermittently by healthy retracements. Therefore, in the short term, risk management becomes extremely important,” Manoj Dalmiya, Founder and Director, Prosetz Exchange said.
BitUp was the top gainer in the crypto market, rising as much as 7,72,734.25 percent during the previous day. At the time of writing this article the value of one BitUp token was $732.65. Floki Gravity then stood at $0.0002349, and was up 2,75,414.67 percent over the past 24 hours. REALPAY, which is valued at $0.4375 per token, was third on the last day with an increase of 7,910.33 percent.
As far as the top losers are concerned, the first place was taken by the AdWord Protocol coin, which went down 81.75 percent and was priced at $0.0001762. The Pumpkin Inu and Exposure Protocol finished second and third on the charts, losing 69.98 and 68.20 percent, respectively, during the final day.
Top 6 Cryptocurrency Gainers (According to CoinMarketCap Data)
slightly above: $732.65 – an increase of 7,72,734.25 percent over the last 24 hours
flocigravity: $0.0002349 – 2,75,414.67 percent increase over the last 24 hours
realpay: $0.4375 – an increase of 7,910.33 percent over the last 24 hours
Elon’s Marvin: $0.2193 – 439.86 percent increase over the last 24 hours
100xcoin: $0.0000000006845 – 362.20 percent increase over the last 24 hours
VUP: S0.00000008564 – 334.72 percent increase in last 24 hours
Top 6 Crypto Losers (According to CoinMarketCap Data)
warning protocol: $0.0001762 – 81.75 percent down in the last 24 hours
Pumpkin Inu: $0.0003005 – 69.98 percent down in the last 24 hours
Expose Protocol: $0.00006229 – 68.20 percent down in the last 24 hours
SmartCoin (SMRT): $0.03182 – 62.94 percent down in last 24 hours
futureexcrypto: $1.01 – 62.09 percent down in last 24 hours
snow mud finance: $1.15 – 61.51 percent down in last 24 hours
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