(25 June 2024, 12:42 AM IST):
On Thursday morning, Bitcoin (BTC) showed signs of a minor recovery. The price of Bitcoin bounced back from a low of $58,600 to its current price of $61,288. Despite this rebound, Bitcoin is still experiencing a downward trend, currently trading at $61,120, which is a decline of 1.85%. Bitcoin’s market capitalization stands at $1.20 trillion.
In contrast, Ethereum (ETH) has seen a slight uptick. Over the past 24 hours, Ethereum has risen by 0.24% to $3,372, bringing its market capitalization to $472 billion.
AI Tokens and Memecoins Shining in Green
While Bitcoin is struggling, other segments of the cryptocurrency market are performing remarkably well. Both AI narrative tokens and memecoins are experiencing significant rallies.
Dogwifhat (WIF)
Dogwifhat, the leading memecoin, has seen an impressive jump of 23.74% over the last 24 hours, reaching a price of $1.89. This surge has boosted Dogwifhat’s market capitalization to $1.89 billion.
Singularity Net (AGIX)
Singularity Net (AGIX) has similarly enjoyed a significant increase. Over the past 24 hours, AGIX has risen by 22.05%, with its price reaching $0.7091. The market capitalization of Singularity Net now stands at $910 million.
Fetch AI (FET)
Fetch AI (FET), an AI narrative token, is also experiencing a notable surge. FET has risen by 21.55%, trading at $1.67. Its market capitalization is now $1.40 billion.
Summary
While Bitcoin remains in the red, the broader cryptocurrency market is witnessing a dynamic shift. AI narrative tokens and memecoins are performing exceptionally well, capturing the attention of investors. As the market continues to evolve, these emerging sectors highlight the diverse opportunities within the cryptocurrency space.
4o