According to information from CoinMarketCap, the global crypto market showed a declining trend on Wednesday as the global crypto market capitalization stood at $1.87 trillion, a decline of 1.86 percent during the previous day. The total crypto market volume was also following a similar trend as it stood at $135.75 billion in the last 24 hours. This pointed to a decrease of 9.70 per cent for the same period. However, there have been some top gainers cryptocurrency Markets according to the CoinMarketCap website. These are different from the common and famous Bitcoin And ether.
With this in mind, here are the top five gainers in the cryptocurrency market over the past 24 hours.
Top 5 Cryptocurrency Gainers (According to CoinMarketCap Data)
1) Qianite Finance – $0.09637 – Change of 217.34 percent in last 24 hours
2) Saksham Finance – $0.01535 – 207.47 percent change in last 24 hours
3) Yetucoin – $0.01994 – 191.87 percent change in last 24 hours
4) ImageCoin – $0.03349 – 190.16 percent change in last 24 hours
5) Gravitoken – $0.1156 – 142.93 percent change in the last 24 hours
Apart from these top gainers, on the other side of the spectrum, several top run-of-the-mill cryptocurrencies such as Bitcoin, Ethereum, Tether, Cardano, Binance Coin and XRP have been trading in the red over the past seven days. Most of these top six market assets, including Bitcoin, Ether, Binance Coin and XRP, have been trading in the red during the past 24 hours.
According to information from the Crypt listing website, bitcoin was priced at $42,581.44, down 1.49 percent in the past 24 hours, compared to a 9.78 percent drop in the past seven days at the time of this article. Ether, the second most popular coin, was priced at $2,945.57 and was trading in the red at 4.24 per cent the previous day and lost 13.46 per cent during the week. Of the above-mentioned top six market cryptocurrencies, only Tether and Cardano were trading in the green, with a gain of 0.02 percent and 0.68 percent, respectively. Tether was priced at $1.00 and Cardano was priced at $2.15. However, both these coins were also trading in the red for the last seven days. Tether was up 0.01 percent and Cardano was down 10.19 percent over the past seven days.
Commenting on the current trends in the crypto market, Siddharth Menon, COO, WazirX, said, “The overall crypto markets experienced a slight landslide today. Total market cap slipped below the $2 trillion mark. Loss of $250 billion in value. The ubiquitous selloff is estimated to be due to a potentially catastrophic loan default by China’s leading real estate giant, Evergrande. Bitcoin and most altcoins have fallen by around 10 percent during this period.”
Apart from all these coins, recent trends in the cryptocurrency market saw the rise of other altcoins such as Dogecoin and Shiba INU. This comes after Tesla CEO and tech billionaire Elon Musk shared images of his new puppy named ‘Flokey’ on Twitter. This resulted in a major push by investors and crypto enthusiasts towards puppy-themed meme coins. Since then the coins have seen a significant increase in popularity. For example Dogecoin has jumped to the 10th position and at the time of this article it is priced at 0.2114. This indicated an increase of 0.59 per cent in the last 24 hours. However, the coin was trading in the red at 12.51 per cent during the week.
Speaking of all these coins, the volume of all stable coins in the market at the time of this article was $107.71 billion, which is 79.35 percent of the total 24-hour volume of the crypto market. It should also be noted that Bitcoin dominance currently stands at 42.58 percent, which is an increase of 0.21 percent over the day.
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