According to reports, Ethereum or Ether, the world’s second largest cryptocurrency coming just after Bitcoin, hit an all-time high on Friday, October 29. This comes a week after its rival Bitcoin reached a lifetime high. On this day, the price of Ether rose to $4,400 at one point. At the time of writing this article, one unit of Ether was priced at $4,327.51. It was higher by 4.05 per cent during the last 24 hours. Earlier, on May 12 this year, the price of this altcoin had reached $4,380. In recent weeks, the cryptocurrency markets have been bullish, with the Memecoin Shiba Inu rising up to 160 percent this week.
Data from CoinMarketCap shows that the global crypto market cap stood at $2.60 trillion in the last 24 hours. This was an increase of 0.55 per cent compared to Thursday. However, the total volume of the crypto market in the last 24 hours was $147.87 billion. This was 16.17 percent lower than the previous day. According to data available with CoinMarketCap, DeFi had a total turnover of $15.61 billion, which was 10.56 percent of the total crypto market in 24-hours. “The volume of all stablecoins now stands at $118.59 billion, which is 80.20 percent of the total crypto market 24-hour volume,” the platform said in an update.
“After a minor setback over the past 24 hours, we saw a sharp recovery in the cryptocurrency market. The largest crypto currency by market capitalization, bitcoin, hit the $61,000 mark. The game-changer in the last 24 hours was Dogecoin, which Gained over 35 percent. Another meme coin, the Shiba Inu, looked cool after rising to the spot of the eighth-largest cryptocurrency,” said Edul Patel, CEO and co-founder of Mudrex, a global crypto trading platform.
Further talking about bitcoin, WazirX Trade Desk said, “Bitcoin once again crossed the $61,000 mark with a gain of almost 5 percent in a single day. BTC is down 7% over the week. Bitcoin Was continuously testing the $60,000 support mark and has finally come back. BTC trending since the beginning of October 2021 seems to be forming a flag pattern.
Apart from these regular altcoins, squid game The token or SQUID stole the show in the crypto market in the last 24 hours. Launched on October 20, SQUID surged by 2,400 percent in the last day. Data from CoinMarketCap shows it is currently priced at $4.32.
GreenMoonzilla was the biggest gainer in the cryptocurrency market, rising as much as 1,120.14 percent during the previous day. At the time of writing this article the value of one GreenMoonZilla token was $0.00000007265. Next came Squidanomics, which stood at $0.0000000002896 over the past 24 hours, and rose 283.07 percent. Hummingbird Finance, which is valued at $0.000000000257 per token, ranked third, up 247.29 percent on the last day.
As far as the top losers are concerned, the first place was taken by Scallop Coin, which went down 98.84 percent and was priced at $1.80. 100xCoin and Corgidoge ranked second and third on the charts, falling 96.53 and 73.33 percent respectively during the final day.
Top 6 Cryptocurrency Gainers (According to CoinMarketCap Data)
grainmoonzilla: $0.00000007265 – 1,120.47 percent increase over the last 24 hours
squidanomics: $0.00000007265 – 283.07 percent increase over the last 24 hours
hummingbird: $0.000000000257 – 247.29 percent increase over the last 24 hours
Pitt Bull: $0.000000000528 – 234.40 percent increase over the last 24 hours
squid game: $5.15 – Increase of 223.71 percent in last 24 hours
flokimuni: $0.0000005352 – Increase of 223.35 percent over the last 24 hours
Top 6 Crypto Losers (According to CoinMarketCap Data)
snail: $1.80 – 98.84 percent down in last 24 hours
100xcoin: $0.000000000582 – 96.53 percent down in the last 24 hours
corgidoe: $0.0000005731 – 73.33 percent down in last 24 hours
harmony pad: $0.014 – 62.30 percent down in last 24 hours
shibawich token: $0.0002201 – 58.55 percent down in the last 24 hours
allonomics: $0.4036 – a drop of 56.13 percent in the last 24 hours
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