The global market cap for cryptocurrencies has increased by 0.87%. It can be seen around $2.15 trillion on the charts. The Fear & Greed Index has slipped to 48 points for neutral sentiments. Bitcoin and Ethereum have sustained their gains from the previous day. Both tokens exceed the $60,000 and $2,600 marks, respectively. The market is likely bracing itself for a recent attack on McDonald’s wherein the malicious actor hacked into the brand’s Instagram account and managed to steal almost $700,000.
Bitcoin and Ethereum continue to thrive
BTC is exchanging hands at $60,606.54, up by 0.05% in the last 24 hours. The flagship cryptocurrency has successfully managed to sustain the gains made in the previous day. Most importantly, it has successfully maintained its position at the top end of the range. The figures come at a time when WazirX, an Indian crypto exchange platform, reported receiving a clean chit from Madiant Solutions, a Google subsidiary in forensic analysis. The report clarified that there was no compromise of laptops for the purpose of signing malicious transactions.
The price of ETH has surged by 0.80% to $2,637.36 within the same time window. The value of ETH could inch a little high as BlackRock continues its bull run, having invested $1 billion in the Spot Ether ETF. Most of its key metrics are now positive, too. This has sparked speculation across the market that ETH could surpass $4,000 by the end of this year, that is, 2024.
Meme Coins mark upticks; SHIB outperforms DOGE
Shiba Inu has, in fact, outperformed Dogecoin by marking an uptick of 1.20% in the last 24 hours. DOGE experienced a surge of 0.87% and is currently trading at $0.1062, whereas SHIB is currently trading at $0.00001419. Also, Shiba Inu has made some gains in the last 1 hour as the second-ranked meme coin is up by 0.12%.
It is likely that Binance will move forward with listing the DOGS meme coin. The Telegram-based meme coin is slated to go live on August 26, 2024, at 12:00 UTC. DOGS, defined as a sensation, DOGS will be up and running on Binance Launchpool, allowing investors to stake supported tokens and farm the listed coin.
Other Gainers and Losers
In the last 24 hours, BNB and SOL have made gains of 2.21% and 2.08%, respectively, applicable in the same order. Solana has performed in line with everyone’s expectations and has primarily responded to the approval of the Solana ETF in Brazil. However, the American market has delivered a setback to the SOL ETF. The US SEC is reluctant to give it the final green light as it continues to ponder over its status as a security.
In a single day, FLOKI has outperformed every top meme coin. It has soared by 2.58% and is listed at $0.0001373. WIF was earlier underperforming but has picked up a pace of 3.09% growth for a value of $1.61. WIF aims to reach $2 by the end of this year.
Conclusion
BTC and ETH have carried forward their gains; however, the community expects more from the flagship tokens. Meme Coins are likely to see a change in their dynamics if DOGS goes live on Binance Launchpool.
Disclaimer: The values mentioned in the article are accurate as of press time. The content is neither a recommendation nor investment advice.
