Chief crypto coins Monday, 1 November saw some downside, followed by momentum picking up. In the past 24 hours, bitcoin was up 2.30 percent and was priced at $62,196.16 per unit. During the day, Ether, the second largest cryptocurrency after Bitcoin, rose to $4,343.31 per unit. The altcoin had gained 2.32 percent during the previous day. In recent weeks, cryptocurrency The markets have seen huge growth with the Memecoin Shiba Inu skyrocketing up to 160 percent in the past week. As of Monday, the Shiba Inu became the ninth most traded coin according to CoinMarketCap data. On this day, it was trading at $0.000007078, up 10.09 percent over the past 24 hours.
“The weekend was a muted affair for the cryptocurrency market. We saw bitcoin and most other major cryptocurrencies hovering around their critical support levels. The total market cap remained close to $2.6 trillion. The largest altcoin, Ether, hit its most recent all-time high. The meme-coin, the Shiba Inu, has finally settled down after a spectacular rally over the past week, said Edul Patel, CEO and co-founder of global crypto trading platform Mudrex, even after settling down slightly from the high.
Data from CoinMarketCap shows that the global crypto market cap stood at $2.66 trillion in the last 24 hours. This was an increase of 2.76 per cent compared to Sunday. However, the total volume of the crypto market stood at $136.13 billion in the last 24 hours. It was 10.21 percent lower than the previous day. According to data available with CoinMarketCap, the total volume of DeFi was at $17.50 billion, which is 12.86 percent of the total crypto market in 24-hours. “The volume of all stablecoins is now $104.84 billion, which is 77.01 percent of the total crypto market’s 24-hour volume,” the platform said in an update.
Experts at ZebPay Trade Desk said that bitcoin is now facing “hard psychological resistance” at $63,000, but if it manages to cross this level and break the $67,000 mark, it will touch another high. can.
“Currently, the asset is consolidating and trading in the $60,000 to $62,500 range. If the price holds the support then the bulls may start an upward move, if the price breaks the support then we could face further downside. Can expect and the price to drop to the next support level of $52,500,” added Zebpay Trade Desk.
Meanwhile, on Monday, the ElonDoge DAO was among the biggest gains in the crypto market. The altcoin rose up to 2,745.72 percent, with the price at $57.13. The second place is held by Waybe, which is priced at $0.8622, and has gained 1,314.13 percent over the past 24 hours. GreenMoonZilla, which is valued at $0.00000001183 per token, finished third, up 479.99 percent on the last day.
As far as the losers are concerned, the top spot went to Squid Game, which reached a record high after losing on October 20. One token lost 99.98 percent in price and was trading at $0.005937. Monster Grand Prix tokens and BabyPumpkin Finance finished second and third on the charts, losing 70.89 and 67.46 percent, respectively, during the final day.
Top 6 Cryptocurrency Gainers (According to CoinMarketCap Data)
Elondoge DAO: $57.13 – 2,745.72 percent increase in last 24 hours
Waybe: $0.8622 – 1,314.13 percent increase over the last 24 hours
greenmoonzilla: $0.00000001183 – 479.99 percent increase over the last 24 hours
baby care: $0.0000000234 – Increase of 350.92 percent in the last 24 hours
All the best ICOs: $0.000419 – 225.33 percent increase over the last 24 hours
Everest Coin: $0.00001774 – an increase of 162.64 percent over the last 24 hours
Top 6 Crypto Losers (According to CoinMarketCap Data)
squid game: $0.005937 – 99.98 percent drop in last 24 hours
Monster Grand Prix Tokens: $0.0724 – 70.89 percent down in last 24 hours
Baby Pumpkin Finance: $0.000003959 – down 67.46 percent in the last 24 hours
oxylium: $0.002686 – 66.38 percent down in last 24 hours
Foggy inu: $0.0009009 – 55.72 percent drop in last 24 hours
ice Cube finance: $16.18 – 55.16 percent down in last 24 hours
Commenting on investing in cryptocurrencies like Bitcoin and Ether, Edul Patel said, “We will likely see an increase in trading volume in the coming 24 hours. The (crypto) market is currently filled with a strong positive momentum, And this could be a good opportunity for bears and whales to dump a lot of liquid crypto currencies. Investors should restrain themselves before investing in any random coin with a target of 100x returns in such scenarios.”
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