- Bitcoin and Dogecoin drop, but Ethereum and others surge higher.
- Emerging cryptocurrencies like MEET48 and Neon are gaining big today.
- Bitcoin and Dogecoin struggle, while smaller coins shine with gains.
The cryptocurrency market is experiencing mixed results, with Bitcoin (BTC) and Dogecoin (DOGE) facing declines in the last 24 hours. Bitcoin at $110,433 has fallen slightly by 0.3 percent, and Dogecoin has also dropped by 0.3 percent at $0.2149. With these declines, Bitcoin continues to be the market leader, and its market capitalization stands at $2.2 trillion, with Dogecoin close behind at $32.4 billion.
However, the downturn in these major coins has not deterred the overall market performance, as several other cryptocurrencies are showing impressive gains. Ethereum (ETH) is in the lead with 1.6 percent growth over the past 24 hours and is currently valued at $4,368.27. Ethereum’s continuous growth is making it stronger in the market, and its market cap stands at $528 billion.
The slight increase of 0.1% in XRP and the slight increase of 0.2% in Chainlink (LINK) have increased the price of these currencies to $2.82 and $23.30, respectively. These smaller gains indicate that some of the major coins are declining, but others are at least able to maintain themselves.
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Smaller Cryptocurrencies Shine with Significant Gains
While Bitcoin and Dogecoin experience setbacks, several smaller cryptocurrencies have surged. With a volume of more than $60 million, MEET48 (IDOL) has achieved a phenomenal increase of 85.8% and is ranked among the best gainers. Neon (NEON) is also gaining 52.5 percent and is currently trading at $0.1774.
Also, AI Analysis Token (AIAT) has increased by 48.2%, and DORA has increased by 39.1%. Collector Crypt (CARDS) is on a 38.1% rise, which also reflects the increasing popularity of new cryptocurrencies.
Despite the struggles of some well-known digital assets, the broader cryptocurrency market is still showing resilience, with various coins experiencing strong growth. This movement offers opportunities for investors as the market continues to evolve and diversify.
Also Read: Bitcoin Faces Major Resistance: Will It Break or Crash Below $100K Soon?
