The global crypto market is up by 3.19%, hovering around $2.14 trillion. It could be safe to assume that fluctuations are being halted for digital currencies worldwide. The market is experiencing price movements within a defined range, but they have not completely disappeared. For neutral sentiments, the FG has slipped to 46 points. The coming days are likely to see the likes of BTC and ETH chase a new ATH.
BTC and Ether make upward moves
Bitcoin and Ethereum tokens are moving upward on the price chart. The flagship token, Bitcoin, has surpassed the $60,000 mark and is currently trading at $60,961.99, up 4.08% in the last 24 hours. The recent upticks in Bitcoin may be bolstered by reports that the Japanese Yen is strengthening. Analysts are monitoring if this trend continues to increase investors’ risk appetite.
The price of ETH has increased by 1.16% in a single day to $2,668.40. Recently, the token outperformed BTC, but it is now underperforming, achieving only a fraction of the anticipated gains. The Ethereum market is anticipated to expand in the coming days, making them even more critical. Under the partnership between Apple and Circle (USDC), this is probably to occur. Estimated gains during expansion are approximately $15.7 trillion.
Meme Coins are holding on
Market cap and trading volume have both fallen significantly in the last 30 days. Meme Coins can still emerge as perfect altcoins; however, they have a lot to prove. Dogecoin and Shiba Inu are up by 4.22% and 4.19%, respectively. Their token values are $0.1046 and $0.00001373, applicable in the same order. The market is experiencing the effects of the segment’s performance, as bright as the picture looks.
Solana, for one, has reportedly suffered a withdrawal of $39 million. This is attributed to the end of the meme coin craze. The development has yet to take any particular shape. It comes a couple of days after Justin Sun placed his bets on the market with a Tron-based token generator. Solana launches it in competition with pump.fun. Simply put, the market predicts a bearish run for the meme coin segment, but many are working to defy that image.
Other Gainers and Losers
XRP has made a notable gain of 7.03% in the last 24 hours, with token exchanging hands at $0.6069. Ripple is poised to mark upticks, given that it has reached a verdict in which it is liable to settle the civic penalty. There is speculation after another fling by the SEC, but Ripple believes that it is all in the air and not necessarily something to worry about. The price chart is expected to experience further escalation as additional crypto ETFs are introduced to the market.
In the last 24 hours, WIF has surged by 13.87% and is currently one of the best-performing meme coins. The token currently trades at $1.56, showing a strong potential to close this year at approximately $2. This could facilitate the rise of other meme coins and demonstrate the limited dominance of DOGE and SHIB in the altcoin segment.
Conclusion
Bitcoin and Ether will spend more time in the range to maintain stability and an increase in the FGI to support bullish sentiments. Meme Coins may shift their focus on underdogs without completely ignoring DOGE and SHIB.
Disclaimer: All values were true at the time this article was written. This content is neither investment advice nor a recommendation.