As we reported at Kriptokoin.com , the recent upward momentum of crypto markets has been remarkable. The cryptocurrency market has shown significant movement as of November 16, 2024. Leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP have gained value. These increases reflect the positive trends observed in the sector in the fourth quarter of the year. In addition, meme coins such as Dogecoin and Shiba Inu have also increased in value.
Leading Crypto Bitcoin and Ethereum
Bitcoin is trading at $91,107, up nearly 3% in the last 24 hours. The lowest and highest values for the day were recorded at $87,124.90 and $91,868.74, respectively. The market cap increased by 3%, reaching $1.81 trillion. The market dominance is at 59.77%. This increase came despite the outflow of $370.10 million in Bitcoin ETFs. This increased investor speculation about the future performance of the asset in the market.
Ethereum is trading at $3,136, up nearly 2% in the last 24 hours. The lowest and highest values during the day were recorded at $3,016.14 and $3,135.18, respectively. With this, the cryptocurrency’s market value is at $377 billion. The market dominance is 12.47%. According to Sosovalue data, despite the $59.87 million outflow in Ethereum ETFs, ETH gained value. This shows investors’ confidence in Ethereum despite the decrease in institutional interest.
Solana and XRP
Solana is trading at $220.12, up 5% in the last 24 hours. Its lowest and highest values for the day were recorded at $204.83 and $220.75, respectively. With this, its market value reached $103.92 billion. Solana’s meme coin Moo Deng (MOODENG) has attracted the attention of market participants, rising with the support of major exchanges.
XRP is trading at $0.9121, up nearly 11% in the last 24 hours. It also recorded its lowest and highest levels of the day at $0.7762 and $0.9248, respectively. With this, the market cap is at $51.97 billion. Ripple CEO Brad Garlinghouse stated that the price increase is due to increased optimism after the US elections. He believes that pro-crypto policies are transforming the industry.
Today’s Top Crypto currencies Gaining and Losing
One of the names that attracted attention in the cryptocurrency market today was MANTRA (OM). OM gained 65% in value in the last 24 hours and reached $ 2.70. Investors turned this sudden increase into an opportunity, and OM’s market volume also grew rapidly. Similarly, Goatseus Maximus (GOAT) was one of the biggest gainers of the day, trading at $ 1.16 with a 34% gain. Flare (FLR) also rose 32% to $ 0.01948. These increases were supported by the general optimism in market sentiment. On the other hand, Bonk (BONK) attracted investors’ attention by recording a 34% increase in value. Bonk strengthened its place in the meme coin market with a 110% rally in the last week.
There were both increases and decreases in the market. Monero (XMR) lost 2% in the last 24 hours and fell to $144.18. This decrease caused XMR investors to act more cautiously in the short term. Binance Coin (BNB) was among the biggest losers of the day, falling 1% to $622.65. BNB’s volatile movements in recent weeks continue to create uncertainty for investors. Although there is a generally positive atmosphere in the market today, these decreases show that some assets are still under pressure.
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