- Ethereum and XRP dive while smaller coins explode in value.
- Bitcoin holds steady as major altcoins face significant declines.
- Lesser-known coins surge dramatically despite broader crypto market downturn.
The cryptocurrency market has been hit with a significant downturn over the past 24 hours. While major coins like Ethereum (ETH) and XRP (XRP) saw notable declines, several lesser-known cryptocurrencies have experienced explosive growth, defying the trend and catching the attention of investors.
Bitcoin (BTC), the dominant player in the market, managed to show resilience, with a slight 0.2% increase in the last 24 hours, pushing its price to $114,277. Bitcoin’s market capitalization remains solid at $2.28 trillion, with 24-hour trading volumes reaching $56.59 billion. Despite its stability, the broader market remains under pressure, with several altcoins struggling.
Major Altcoins Decline in 24 Hours
Ethereum (ETH), the second-largest cryptocurrency, has taken a hit, declining by 1.6% over the past 24 hours. Its price now sits at $4,127.31, and despite a slight 0.3% increase over the last week, its short-term performance remains in the red.
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Ethereum’s market cap stands at $498.27 billion, with a 24-hour trading volume of $33.89 billion, showing that despite the drop, it continues to be one of the most traded cryptocurrencies.
XRP (XRP) also faced a steep 2.2% decline in the past 24 hours, dropping to $2.84. While XRP has seen a modest 0.2% gain over the past week, the 24-hour drop has affected its market capitalization, now standing at $169.74 billion. Its 24-hour trading volume reached $4.91 billion, signaling continued interest in the asset despite its recent decline.
Binance Coin (BNB), Solana (SOL), and Dogecoin (DOGE) also followed the downward trend, all experiencing price drops. Binance Coin (BNB) is down by 1.8%, now priced at $1,008.54, while Solana (SOL) decreased by 1.0%, now valued at $208.28. Dogecoin (DOGE), the popular meme coin, also saw a 0.3% decrease, bringing its price to $0.2325.
Top Gainers: Smaller Coins Explode in Value
In contrast to the declines of major coins, several smaller cryptocurrencies have experienced explosive growth. AtomOne (ATONE) led the charge with a remarkable 107.4% increase, pushing its price to $2.10. With a trading volume of $3.54 million, this surge shows investor interest in lesser-known coins.
Other notable gainers include SQD (SQD), which rose 79.0%, now priced at $0.2274, with a trading volume of $205.75 million. DRESSdio (DRESS) also surged by 69.3%, while Collector Crypt (CARDS) saw a 55.9% increase. MetaDAO (META) and ArAIstotle (FACY) posted strong gains of 50.6% and 42.1%, respectively.
These smaller coins continue to show impressive growth despite the overall downturn in the broader crypto market, offering fresh opportunities for investors looking beyond the major coins.
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