Here’s What’s Happening In The Crypto Market Today

With only three and half months remaining before the completion of 2024, the anticipation of how this year will be concluded (bullish or bearish) is rising. In the beginning, a few months have been quite bullish, where meme-based cryptocurrencies dominated the market, Bitcoin surged to new highs, and many other milestones. Next, the investors witnessed a neutral crypto market with major ups and downs. In this, Bitcoin price was on the brink of collapse, the user’s sentiments turned to fear, and many other declining situations in between, offering a mix of everything. Now, the eyes are on the upcoming months, especially as the bull run might hit at the beginning of 2025.

Overall Crypto Market performance

In the last few days, the user’s sentiments have turned to fear, but it has recovered slightly today, currently standing at neutral. As a result, Bitcoin has recovered 1.41%, currently at $55,123, and the same is true with the Ethereum price, currently at $2,320  after a 1.33% surge. However, the Ripple (XRP) price risks crashing to $0.45, Solana is struggling to make a comeback, and a few other cryptos are in red.

Further, in the meme coins category, Dogecoin price hit the 160-day barrier thanks to Elon Musk’s tweet. Moreover, SHIB, PEPE, and WIF are also attempting to recover, whereas FLOKI, DOGS, and POPCAT declined.

Overall, the crypto market is in the greener zone, with most of the cryptocurrencies suceeding at recovery compared to yesterday. This has boosted the global market cap to $1.94 Trillion after a 0.60% surge, with the trading volume witnessing an increase of 18%, pushing the TV to $48.73 Billion.

However, it is not the best performance of the market, but it is a significant recovery from the earlier crash.

Best Performers of The Crypto Market Today

Despite lacking a bullish push, few cryptocurrencies have maintained a significant demand, aiding their current price surges. At the time of reporting, ZTX and Ben The Dog are the best-performing tokens. More importantly, both of these are gaming tokens, which is quite new as earlier, the AI tokens were in the most demand.

ZTX is the native token of the ZTX, a decentralized metaverse platform, currently trading at $0.006847. It has gained the biggest hike of a 40% surge in the last 24 hours. This surge is due to the increased network activity, pushing the Trading volume to $9,344,683 after an almost 1500% surge. On the other hand, Ben The Dog (BENDOG) is a popular meme coin launched by Solana’s creator, Anatoly Yakovenko. Today, it is the second-best performer of the day, bagging the second-highest gains per CoinmarketCap. It is currently at $0.01431 after a 31% surge in the last 24 hours.

Worst Performers of The Day

PUPS Ordrianls (PUPS) is the worst performed of the day, after an 11% decline in the last 24 hours. The dog-themed meme coin has been following a downtrend since April, losing more than 93% of its value. As a result, it is currently trading at $2.64 with a market capitalization of $20,506,335.

Next is the Ginnan The Cat (GINNAN), which has lost 9% of its value in the last 24 hours. It is a newly launched, cat-themed token and is under a downtrend after hitting peaking to $0.0000118 a month ago.

Final Thoughts

The Crypto Market today is in a neutral phase, as no breakthroughs have happened till now. Overall, the market is recovering, with a few exceptions like PUPS, GINNAN, etc. Moreover, the remaining has not also bagged the biggest gains. More importantly, Bitcoin price is struggling below the $56K mark, and Ethereum is down to $2300, proving the Bitcoin September Loss or Slump. This has proven a histrical stats of September being the poorest performing month of the year.

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Pooja Khardia

With years of love for reading and 5 years of content writing experience, I’m here, working on my favorite writings about cryptocurrency. I’m actively looking for trending topics and informational statistics to curate the best content pieces for crypto enthusiasts. Staying updated with trends and learning the basis and advancements of this field is the best part of the day.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.