Global cryptocurrency The market has been witnessing a rollercoaster ride over the past few weeks, with bitcoin and ether touching new lifetime highs, memecoins like shiba inu becoming increasingly popular, and play to earn tokens like squid games. who soar to new peaks only to be known as an outright scam. On Tuesday, November 2, bitcoin, the world’s largest cryptocurrency, rose 2.13 percent over the past 24 hours. At the time of writing this article, one bitcoin was priced at $63,373.88, while its market cap was $1,194,135,564,973. Ethereum or Ether also rose 3.12 per cent. At the time of writing this article the price of one Ether coin was fixed at $4,460.05. The Shiba Inu or SHIB, however, declined 1.55 percent during the previous day and was priced at
$0.00007061.
“Bitcoin Continuing with the $61K to 62K level. BTC is forming a cup and handle pattern and many experts/analysts believe that BTC price will reach 6 points by the end of this year. Interestingly, the market capitalization of bitcoin increased from $1.13 trillion to $1.17 trillion in a matter of hours on November 01, 2021,” said a spokesperson for WazirX Trade Desk.
“The last 24 hours have been very interesting for the cryptocurrency market. Bitcoin, the largest cryptocurrency by market capitalization, did not make any significant moves. It was a clear altcoin session as most of the top altcoins made significant positive moves. Polkadot (DOT) reported increased by over 15% as Parachains moved closer to the DOT ecosystem. Edul Patel, CEO and co-founder of global crypto trading firm Mudrex, said, “The Shiba Inu remains volatile even as its supporters continue the buying spree doing.”
At the time of writing this article, Polkadot was trading at a gain of 14.16 per cent in the last 24 hours. According to data from CoinMarketCap, a unit of Polkadot was priced at $50.93.
Meanwhile, the global crypto market cap saw an increase of 2.09 percent in the last 24 hours. The market cap stood at 2.71 at 1612 IST on Tuesday. Similarly, the total volume of the crypto market in the last 24 hours was $. Was 136.88 Arab, CoinMarketCap figures show. It was 0.57 percent higher than the previous day. “Total crypto market cap crossed the $2.63 trillion mark. The coming 24 hours are likely to be volatile for the altcoin,” Patel said.
After a successful run over the past week, Alonomics rose to the top of the crypto market on Tuesday. The altcoin rose as much as 2,340.75 percent, with the price at $24.17. The UAE decentralized coin is in second place, priced at $0.4466, and has gained 1,024.27 percent over the past 24 hours. Melali, which is priced at $0.1288 per token, was third on the last day, up 630.28 percent.
As far as the losers are concerned, the top spot went to Ethereum Meta. The price of one token dropped 85.72 percent and was trading at $0.000006488. PumpshibaX and Shibawich Token were ranked second and third on the finance chart, losing 70.64 and 67.02 percent respectively during the last day.
Top 6 Cryptocurrency Gainers (According to Data from CoinMarketCap)
Allonomics: $24.17 – 2,340.75 percent increase over the last 24 hours
UAE Decentralized Coin: $0.4466 – an increase of 1024.27 percent in the last 24 hours
Melali: $0.1288 – 630.28 percent increase over the last 24 hours
Greenmonzilla: $0.00000004796 – 330.66 percent increase over the last 24 hours
OOGI: $0.0035 – increase of 263.34 percent over the last 24 hours
Dogswap: $171.66 – up 213.53 percent over the last 24 hours
Top 6 cryptocurrency losers (according to data from CoinMarketCap)
Ethereum Meta: $0.000006488 – 87.52 percent down in the last 24 hours
PumpshibaX: $0.0000003027 – 70.64 percent down in the last 24 hours
SHIBAWITCH Token: $0.0002899 – 67.02 percent down in the last 24 hours
Buff Doge Token: – $0.00000006069 Down 60.72 percent in the last 24 hours
Londefy: $0.0000000004518 – 54.61 percent down in last 24 hours
Flokachu Token: $0.0000002303 – Down 47.82 percent in the last 24 hours
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