13.9 C
Ottawa
Sunday, September 25, 2022
HomeMarketsBitcoin holds $24,000; Dogecoin, Shiba Inu & XRP rise up to 8%

Bitcoin holds $24,000; Dogecoin, Shiba Inu & XRP rise up to 8%

NEW DELHI: The cryptocurrency market traded in disarray on Wednesday, with crypto giant Biycojn largely unchanged while meme tokens posted a strong rally.

Dogecoin is up over 8% while XRP is up 4%. Shiba Inu and Polkadot added 3% each. Polygon and Avalanche are reduced by 1% each.

Global cryptocurrency market capitalization is up slightly at the $1.15 trillion mark, up less than 1% in the last 24 hours. However, total trading volume he dropped more than 16% to nearly $64.86 billion.

expert opinion

Unocoin co-founder and CEO Sathvik Vishwanath said the crypto market is stable and slightly bullish.Most gains among the top 100 coins. “The exception we saw was memecoins, which started to become more attractive.”



On the other hand, EOS, which claims to be the starting system for the cryptocurrency, saw a 25% increase in price as the parties opposing EOS were not properly represented just in case. With that opponent, he added.

Global update

The U.S. Securities and Exchange Commission has filed a complaint against blockchain startup Dragonchain for failing to register more than $16 million worth of cryptocurrency securities over a five-year period.

Acala’s native stablecoin, aUSD, is about to regain its peg to the US dollar after over 1.2 billion aUSD tokens created by exploiters were burned by Polkadot-based decentralized finance (DeFi) platform over the weekend. came.

In other news, Jump Crypto is looking to revamp the core of Solana’s infrastructure, improving throughput and reliability for a network that has been plagued with frequent outages and slowdowns.

Tech View by Giottus Crypto Platform
DOGE is off to a strong start to the week with a seven-day gain of over 21%. The popular meme coin is back in the top 10 cryptocurrencies by market capitalization, surpassing popular coins like DOT, MATIC and AVAX.

The euphoria surrounding the Ethereum upgrade, coupled with the sustained momentum in the crypto market, is the main driving force behind the surge in DOGE prices.

agency



Positive news positioning DOGE as a payment currency may have stimulated investor interest in memecoins. DOGE is a strong candidate for integration into global payment mechanisms and should find real-world use cases soon.

.

RELATED ARTICLES

Most Popular