The crypto market is giving mixed signals today, as some major coins have shown bullish signals, while others are still on red lines.
The cryptocurrency market today has shown some bullish momentum with Bitcoin and some major altcoins trading on green lines. Even though the crypto fear and greed index is still in the fear zone, the cryptocurrency market has increased over the past 24 hours. It now has a score of 34 out of 100 after losing a few points from yesterday.
Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $26,049.08, and up by around 0.03% since yesterday. Other well-known altcoins, Cardano (ADA) and Solana (SOL), also experienced losses on the other side of the border.
Ethereum is trading at $1,651.68, with almost 0.03% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a rise of 1.06%. Solana also faced losses, with its price decreasing by 1.40%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again up by 1.34% since the last day. Polkadot coin price saw an increase of almost 2.27% in one day.
The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 1.71%, while Shiba Inu’s token price is up by almost 1.37%, in the last 24 hours.
The crypto market today is primarily bearish with few exceptions. The global crypto market cap stands at $1.05 trillion. The 24-hour crypto market volume is $25.55 billion, with a more than 9.78% decrease.
The top 4 cryptos for today are:
- Pepe coin is up by 6.41%
Pepe coin price is witnessing significant gains today. Pepe coin price is up by more than 6% in the last 24 hours. It is trading at $0.0…08982, at the time of writing. It holds a global market cap of $351.9 million. The Pepe coin price’s enormous surge slowed down when the euphoria subsided. However, the project’s developers want to make it useful by including a metaverse platform and a gaming ecosystem.
- SUI token is up by 7.67%
SUI token price is up by more than 7% in the last 24 hours. Its price is trading at $0.5823, the the time of writing. It holds a global market cap of $421,382,390. On August 18, the Sui Foundation, the group behind the Sui blockchain, awarded a $900,000 developer grant to 16 ecosystem initiatives.
- FXS token is down by 2.53%
The Frax Share (FXS) token is down by almost 3% in the last 24 hours. Its price is trading at $5.80, the the time of writing. It holds a global market cap of $425,610,781. Frax Protocol just made a huge announcement that will change the DeFi landscape in a ground-breaking move. The highly anticipated introduction of the FRAX Chain is expected to usher in a new era of efficiency and scalability for the Frax ecosystem.
- XDC coin is down by 2.01%
XDC Network’s token XDC is down by more than 2% in the 24 hours. Its price is trading at $0.05173, the the time of writing. It holds a global market cap of $716,953,383. In other news, the recent increase of XDC’s Japanese user base and the strengthening of its global trading position as a result of a strategic alliance with Japan’s SBI has paved the way for future growth and partnerships.
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