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A day after popular cryptocurrency Shiba Inu hit record highs over the weekend to become the 11th largest altcoin on Sunday, the global crypto market cap soared to $ 2.590 billion on Monday, October 25, up 1.89% in the last 24 hours, data shown that day. The total crypto market volume over the past day was $ 2.590 billion, indicating that there has been a 1.86% increase in the past 24 hours.
According to information available on CoinMarketCap, the total volume of DeFi was $ 11.54 billion, which is 11.44% of the total volume of the crypto market in the past 24 hours.
Bitcoin, which is currently one of the most popular cryptocurrencies in the world, jumped 2.83% after losing on Monday weekend in the past 24 hours. The price stood at $ 62,637.30 for one Bitcoin at the time of writing. On Wednesday, the price of one Bitcoin stood at an all-time high of around $ 66,900.
“Bitcoin has fallen slightly below the $ 60,000 mark in the past 24 hours, but this was quickly followed by a rapid rebound. There appears to be relatively strong buying pressure between 57 $ 000 and $ 59,000, with investors keen to buy on dips. The majority of other large-cap cryptos remained relatively stable over the weekend, trading in a narrow band of 4%, “said said the CoinDCX research team.
Shiba Inu, one of the emerging altcoins, saw a record 50% increase until 10:10 a.m. New York time on Sunday, according to media reports.
“The coin, Shiba Inu, continues its dream run for the past 24 hours. Huge buying volume kept the play going. Over the next 24 hours, we could probably see bears gain momentum. Volumes traded will increase as nations exit weekend mode, ”said Edul Patel, CEO and co-founder of Mudrex.
“The only exception would be Shiba Inu who hit a new high, surpassing 50%. This was, however, quickly overshadowed by Elon Musk’s confirmation that he did not have a stake in the cryptocurrency, which has caused a sharp correction of up to 25%. As we move into the new coming week, altcoins appear poised for further gains, having consolidated over the past two days, ”the team added. CoinDCX research.
In this regard, it should be borne in mind that there have been changes in the main market winners and losers over the past 24 hours. The biggest winner in the crypto market on Monday was UpCake. The price of this altcoin at the time of writing this article was $ 0.0002933, up 590.38%. The second place was won by Shibanomics. This cryptocurrency was trading at $ 0.0000001696 on Monday, the value which has increased by 537.22% in the past 24 hours.
DogeZilla was the third winner in the crypto market. Over the past 24 hours, its value has increased by 286.35%. The value of a DogeZilla coin at the time of writing this article was $ 0.
When it comes to losers, Wolf Safe Poor People was at the top of the list, down 99.99% and trading at $ 0.0000000005. Second and third place went to French Connection Finance and HOQU, which fell by 69.16 percent and 63.06 percent respectively.
Top 6 cryptocurrency winners (according to data from CoinMarketCap)
UpCake: $ 0.0002933 – up 590.38% from last 24 hours
Shibanomics: $ 0.0000001696 – up 537.22% from last 24 hours
DogeZilla: $ 0 – up 286.35% from last 24 hours
GMR Finance: $ 0.0000002216 – up 265.80% from last 24 hours
SafeCap Token: $ 0.006706 – up 264.86% from last 24 hours
Fuma Finance: $ 2.81 – up 213.06% from last 24 hours
Top 6 Cryptocurrency Losers (According to CoinMarketCap Data)
Wolf Safe Poor People: $ 0.00000000005 – down 99.99% in last 24 hours
French Connection Finance: $ 0.000008593 – down 69.16% from last 24 hours
HOQU: $ 0.002162 – down 63.01% from last 24 hours
Smart Payment: $ 0.000003159 – down 51.68% in the last 24 hours
Polysing: $ 42.31 – down 46.86% from last 24 hours
Everest Coin: $ 0.000002538 – down 43.24% from last 24 hours
“Over the next 24 hours, we could probably see bears getting bigger. Volumes traded will increase as nations exit weekend mode, “Edul Patel predicted on the cryptocurrency trend.
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