(26 May 2024, 10:48 AM IST):
This Sunday morning, the cryptocurrency market is buzzing with notable gains in various altcoins and memecoins. Following the approval of the Ethereum Spot ETF, the momentum has notably shifted towards memecoins, especially those based on Solana like Pepecoin, Bonk, Dogwithhat, Popcat, and Maga.
Bitcoin and Ethereum Performance
Amidst the rally of memecoins, Bitcoin (BTC) continues to hold steady. Currently, BTC is trading at $68,942, marking a modest 0.28% gain in the last 24 hours. Its market capitalization stands at an impressive $1.36 trillion.
Ethereum (ETH), on the other hand, has experienced a slight dip. It is down by 0.44% over the past 24 hours, currently trading at $3,744 with a market cap of $449 billion.
Altcoins in the Spotlight: Chiliz, Core, and Notcoin
Chiliz (CHZ)
Chiliz (CHZ) has seen significant gains, with its price surging by 13.48% to $0.1360. The market cap of CHZ currently stands at $1.21 billion. Over the past seven days, CHZ has risen by 13.96%, highlighting its strong performance in the current market climate.
Core (CORE)
Core (CORE), the DAO token, has also experienced a substantial increase. Its price has jumped by 9.68% over the last 24 hours, reaching $2.22. The market cap for CORE now stands at an impressive $1.97 billion. In the past week, CORE has surged by 19.09%, making it one of the standout performers in the market.
Notcoin (NOT)
Notcoin (NOT), a trending gaming token, has benefited from the market’s optimistic mood as well. Its price has risen by 5.55% to $0.005154, with a market cap of $531 million. However, despite this recent gain, NOT has seen a decline of 18.74% over the last seven days, indicating some volatility in its performance.
Conclusion
The cryptocurrency market is dynamic, with various tokens experiencing significant changes in their valuations. Bitcoin remains stable, while altcoins like Chiliz, Core, and Notcoin are making notable gains. As the market continues to evolve, keeping an eye on these trends can provide valuable insights for investors and enthusiasts alike.