The crypto market cap has surged by 4.04% worldwide to $2.33 trillion. The FGI shows neutral sentiments amid concerns about the resurgence of inflation. Digital tokens have ventured out to take the risk of a rebound, and it remains to be seen how they perform in the coming days.
Bitcoin and Ethereum rise
There has been a significant gain in Bitcoin ($BTC) and Ethereum ($ETH). Both tokens have marked notable upticks. BTC, for starters, is up by 4.37% in the last 24 hours and has breached the mark of $63,000. More specifically, it is listed at $63,338.71, which is also up by 1.88% in the last 7 days. Most of the trades have been in green in the previous single day. The lowest it went was approximately $60,754.41.
Sentiments are also evident in market cap and 24-hour trading volume. There could be a phase of collecting tokens before it fuels the growing trajectory. Ether is reportedly waiting for its ETF, which should not take a long time. The digital asset is above $3,400, up 3.86% in the last 24 hours and 3.48% in the last 7 days. It could defy the previous prediction of hovering around $3,500 by the end of July 2024, for it is likely to touch the base at $3,600 per the prevailing trends.
The meme sector is mirroring the trend
PEPE has made heavy gains to the extent that it has outperformed BTC and ETH. The frog-themed meme coin has jumped by 8.58% in a single day and is up by 13.80% in the last 7 days. It is exchanging hands at $0.00001187 while writing this article. The entire meme coin segment is, in fact, up by 6.58% in terms of market cap. The trading volume has surged by 27.73%.
Shiba Inu ($SHIB) has yet to surpass $11 billion in the market. Dogecoin ($DOGE), however, is sustaining a level of more than $18 billion, broadening the gap to around $8 billion. SHIB and DOGE are trading at $0.00001738 and $0.1265, applicable in the same order.
Other gainers and losers
The last 24 hours have been remarkable for the meme coin. Almost every token is up. DOG has gained 17.74%, while TRUMP has lost 4.09%. ANDY is up by 32.45%, and PROK has shed 0.04%.
Other cryptos have also made gains. TRX is an exception, with a loss of 0.12%, and so is LEO, which has plummeted by 0.21%. The fact that these losses are not as heavy keeps the situation under control.
Ether could drive the near future if the US Securities & Exchange Commission approves S-1 registration forms by July 04, 2024.
Conclusion
Cryptocurrencies are subject to volatility and may not necessarily maintain consistency in their values. This article only serves as a reference and should not be considered investment advice or an investment guide. It is recommended that you conduct thorough research and risk assessment.