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Top cryptocurrency winners and losers of the day
The cryptocurrency market finally turned the tables today, boosting cryptocurrency prices and bringing crypto gainers into the spotlight. Furthermore, the indicative of fear and greed signaled greedy sentiment among investors, coming after weeks of neutral sentiments dogging the market.
For now, the cryptocurrency market heat map is colored green, indicating price recoveries for most cryptocurrencies. So, in this blog, we discuss the major winners and losers of cryptocurrencies to better understand the market conditions.
Top cryptocurrency gains of the day
The list of cryptocurrency gains is long today as feelings of greed have brought big gains to crypto assets. Among these crypto gainers, Fantom, SEI and Immutable are the best, leaving the popular cryptocurrencies behind.
1.Fantom (FTM)
Ghost it is the cryptocurrency that gained the most of the day, with a 23% increase that pushed the value to $0.8137 with a market capitalization of $2,284,183,845. The FTM has been rising for days, not just today, causing an increase in transactions in the market. As a result, 24-hour trading volume increased by 320%, bringing the value to $513,322,667.
2.Six (SIX)
The SEI is the second biggest gainer of the day, up 22% over the past 24 hours. This surge comes after a sharp decline in Prices SIX Before. At the time of writing, it is currently trading at $0.5632 with a market cap of $1,647,474,194. Furthermore, there is a surge in its transactions, which pushed its trading volume to $291,361,244.
3.Immutable (IMX)
Unchangeable, a layered solution for NFTs is coming to the attention of investors due to its 18% increase in the last 24 hours, pushing the value to $2.40. IMX it has a market capitalization of $3,495,185,828, with trading volume of $190,172,544 after an increase of 205%.
Top cryptocurrency losers of the day
Despite the bullish performance of the cryptocurrency market, some cryptocurrencies have failed to maintain their gains. The list of these cryptocurrency losers includes PEPE, Toncoin, FLOKI, and many more. However, what is more interesting is that all three tokens were bullish and gaining cryptocurrencies earlier when the market was low, but fell during the market recovery.
1.PEPE (PEPPER)
After setting a new all-time high of $0.00001156 just yesterday, PEPE started to move lower despite the greed zone. Price PEPPER it is currently trading at $0.00001056 after suffering a decline of 5.56%. Its market capitalization and trading volume also decreased by 5.63% and 27.46%, bringing the values to $4,450,499,207 and $2,535,816,170.
2.Toncoin (TON)
On the list of top losers, Toncoin has made its place despite a much earlier surge. It has fallen by 5.32% in the last 24 hours and is currently trading at $6.52 with a market capitalization of $22,627,955,193. However, demand for the token is still persistent as trading volume increased by 36%, pushing the value to $553,371,660.
3.Floki (FLOKI)
The fall of the FLOKI meme coin was quite random, as it was working well until recently. At the time of writing, FLOKI It is trading at $0.0002122 after a decline of 4% and has a market capitalization of $2,028,328,144. Furthermore, its trading volume also decreased by 10%, bringing the value to $846,316,033.
Final thought
2024 began with a bull market that continued for months before collapsing in April. For almost a month and a half, the cryptocurrency market has been experiencing numerous instability and volatility issues, causing regular fluctuations in cryptocurrency prices. Finally, the market showed signs of recovery, where multiple cryptocurrencies have emerged as the winners of cryptocurrencies.
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With years of love for reading and 5 years of content writing experience, here I am, working on my favorite cryptocurrency writings. I am actively looking for trending topics and informative statistics to curate the best content for cryptocurrency enthusiasts. Staying updated on the trends and learning the basics and advancements of this field is the best part of the day.
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for personal financial loss.