(27 May 2024, 10:16 AM IST):
As the new week begins, the cryptocurrency market is abuzz with impressive gains in altcoins and memecoins. Following the approval of the Ethereum Spot ETF, momentum has shifted towards these alts and memecoins, leaving Bitcoin struggling to cross the $70K mark. In contrast, Ethereum continues to dominate, surging by 4.70% today.
Bitcoin (BTC) remains under pressure, trading slightly above $68K. As of now, BTC is priced at $68,230, experiencing a slight drop of 0.18% over the past 24 hours. Its market capitalization stands at $1.36 trillion. Meanwhile, Ethereum (ETH) has jumped by 4.67% in the past 24 hours, reaching $3,744 with a market cap of $471 billion.
Jasmycoin (JASMY), Ethereum Name Services (ENS), and Synthetix (SNX) Making Gains
In the midst of the memecoin rally, several altcoins are stealing the spotlight with impressive gains:
- Jasmycoin (JASMY): This Internet of Things (IoT) token has seen significant growth, with its price surging by 26.22% to $0.02728. Jasmycoin’s market cap is currently $1.34 billion. Over the past week, JASMY has experienced a remarkable 36.83% increase.
- Ethereum Name Services (ENS): The price of ENS has jumped by 11.97% over the last 24 hours, reaching $26.20. ENS’s market cap now stands at an impressive $826 million. In the past seven days, ENS has surged by a staggering 80.89%.
- Synthetix (SNX): The decentralized exchange (DEX) token, Synthetix, has also benefited from the market’s optimistic mood. Its price has risen by 9.75% to $3.19, bringing its market cap to $5.311 billion. Over the last week, SNX has increased by 23.34%.
As the market continues to surge, these altcoins and memecoins are capturing the attention of investors, showcasing significant gains and bullish sentiments. While Bitcoin struggles to break through its resistance level.