The global crypto market cap was soaring at $2.59 trillion on Monday, October 25, up 1.89 percent over the past 24 hours, a day after popular cryptocurrency Shiba Inu hit a record high over the weekend to become the 11th-largest altcoin on Sunday. increase of , data shown on this day. The total volume of the crypto market on the previous day stood at $2.59 trillion, which shows that there was an increase of 1.pe86r cents during the last 24 hours.
According to information available on CoinMarketCap, the total volume of DeFi stood at $11.54 billion, which is 11.44 percent of the total crypto market volume in the last 24 hours.
Bitcoin, currently one of the most popular cryptocurrencies globally, soared over the weekend on Monday after falling 2.83 percent over the past 24 hours. At the time of writing this article the price of one bitcoin was $62,637.30. On Wednesday, the price of one bitcoin was at an all-time high of around $66,900.
“Bitcoin fell slightly below the $60,000 mark over the past 24 hours, but it was followed by a bullish rally. There appears to be relatively strong buying pressure between the $57,000-$59,000 range, with investors buying on any downside. Most other large cap cryptos remained relatively stable over the weekend, trading within a tight 4% band, the CoinDCX research team said.
According to media reports, one of the emerging altcoins, Shiba Inu has shown a record increase of 50 percent as of 10:10 am New York time on Sunday.
“The meme coin, the Shiba Inu, continues its dream over the past 24 hours. Large buying volume kept the coin up. In the coming 24 hours, we may see bears building up steam. Mudrex CEO & Co- Founder, Edul Patel said, “Business volume will increase as we come out of weekend mode.”
“The one exception would be the Shiba Inu who jumped over 50% to reach a new record high. However, this was quickly fueled by Elon Musk’s confirmation that he had no stake in the cryptocurrency – resulting in a sharp correction of up to 25%. As we enter the new week, the altcoins are poised for further gains, having consolidated over the past two days,” said the CoinDCX research team.
In this regard, one should note that the market top gains and losses have changed during the last 24 hours. On Monday, the biggest gainer of the crypto market was the uptake. The altcoin was priced at $0.0002933 at the time of writing this article, up 590.38 percent. Shibanomics bagged the second position. The cryptocurrency was trading at $.000001696 on Monday, having gained 537.22 percent in the past 24 hours.
DogeZilla was the third top gainer in the crypto market. Its price has increased by 286.35 percent in the last 24 hours. At the time of writing this article the value of one Dogzilla coin was $0.
As far as the losers are concerned, Wolf Safe Poor People was at the top of the list with a fall of 99.99 percent and was trading at $0.0000000005. Second and third place went to French Connection Finance and HOQU, which were down 69.16 per cent and 63.06 per cent, respectively.
Top 6 Cryptocurrency Gainers (According to CoinMarketCap Data)
Upcake: $0.0002933 – 590.38 percent increase over the last 24 hours
Shibanomics: $0.00000001696 – 537.22 percent increase over the last 24 hours
Dogzilla: $0 – increase of 286.35 percent over the last 24 hours
GMR Finance: $0.0000002216 – 265.80 percent growth in last 24 hours
SafeCap Token: $0.006706 – 264.86 percent increase over the last 24 hours
Fuma Finance: $2.81 – up 213.06 percent over the last 24 hours
Top 6 Crypto Losers (According to CoinMarketCap Data)
Wolf Safe Poor People: $0.0000000005 – a 99.99 percent drop in the last 24 hours
French Connection Finance: $0.000008593 – down 69.16 percent over the last 24 hours
HOQU: $0.002162 – 63.01 percent down in last 24 hours
Smart Payments: $0.000003159 – 51.68 percent drop in last 24 hours
PolySage: $42.31 – down 46.86 percent in last 24 hours
Everest Coin: $0.000002538 – down 43.24 percent in last 24 hours
“In the coming 24 hours, we can see the bears building up steam. Trade volume will increase as nations come out of weekend mode,” predicted Edul Patel on the cryptocurrency trend.
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