The global cryptocurrency market has seen a rally recently. According to data analyzed by CoinMarketCap, the global crypto market was at $ 2.18 trillion at the time of this article, up 0.84 percent from the previous day. The total crypto market volume in the past 24 hours was $ 99.11 billion, which also indicates a decline of 9.47 percent. However, there have been several cryptocurrencies in the past few days that have traded green and even hit new heights.
For example, over the past week, especially on Friday, Dogecoin and SHIBA INU were two cryptocurrencies that really rebounded and saw the market spike. The reason for these coin wins was Elon Musk. More precisely, it was Musk’s puppy. Since the business tycoon and Tesla CEO announced the name and most recently the arrival of his new Shiba Inu puppy on Twitter, the cryptocurrency market and the investors in it have been pushing for Dogecoin and SHIBA. This was the famous “musk” effect at work.
This musky effect was so “effective” that Dogecoin jumped to 9th place with a price of $ 0.2442 on CoinMarketCap. Although the coin was trading 3.01 percent red at the time of this article last day, the change over the week was 1.91 percent higher. Similarly, SHIBA INU was up 21 percent on Friday, according to information from Coinbase, Techstory reported.
With this in mind, according to CoinMarketCap, there have also been several underdog crypto coins that have seen immense gains over the past 24 hours. These cryptocurrencies have risen above the three-digit mark and are in a range from around 200 percent to almost 500 percent.
Top 10 cryptocurrency winners (according to data from CoinMarketCap)
1) Gravitoken – $ 0.00114 – 499.25% change over the past 24 hours
2) Network Neighborhood – $ 990.82 – 350.14% change in the last 24 hours
3) Biconomy Exchange Token – $ 0.0003486 – 276.14% change over the last 24 hours
4) Greenex – $ 0.03983 – 274.86% change over the last 24 hours
5) Bridge Oracle – $ 0.0008047 – 186.49% change in the last 24 hours
Moving on to the relatively well-known cryptocurrencies out there, data showed that Bitcoin did quite well on Saturday at a price close to $ 50,000. The price of Bitcoin at the time of this writing was $ 48,519.23, which has been trading at 1.60 percent green for the past 24 hours. The change over the course of the week for the Top Ghost Coin was 7.38 percent. Data from CoinMarketCap showed that the dominance of the Bitcoin market was 42.12 percent, up 0.37 percent over the course of the day.
Ethereum was trading down 0.10 percent at $ 3,508.47. Similarly, a good chunk of the other top coins actually traded red in the past 24 hours. Here is the list.
Bitcoin – $ 48,519.23, up +1.60 percent over the past 24 hours
Ether – $ 3,508.47, down -0.10 percent over the past 24 hours
Cardano – $ 2.40, down -0.02 percent over the past 24 hours
Binance Coin – $ 416.76, down -0.35 percent over the past 24 hours
Tether – $ 0.9998, down -0.02 percent over the past 24 hours
XRP – $ 1.09, up 0.16 percent over the past 24 hours
Solana – $ 159.21, up 13.62 percent over the past 24 hours
Polkadot – $ 34.76, down 1.78 percent over the past 24 hours
Dogecoin – $ 0.2438, down -2.55 percent over the past 24 hours
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source https://www.bisayanews.com/2021/09/18/5-crypto-coins-gain-up-to-500-in-24-hours-details-here/
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