In the last two days, the cryptocurrency market witnessed widespread gains, extending beyond major players like Bitcoin and Ethereum. Notably, meme currencies showed fluctuation, with Dogecoin rising by 2.89% to $0.07619, boasting a market cap of $10.81 billion. Shiba Inu followed suit, experiencing a 2.78% increase to $0.000008456, with a market cap of $4.99 billion, while Pepe Coin saw a 2% boost.
Several altcoins also contributed to the positive trend, with Ripple’s XRP climbing by 0.67% to $0.6913, Cardano surging by 3.35% to $0.365, Solana gaining 2% at $43.86, and Polkadot recording an impressive 4.62% increase to $5.11.
The day’s top gainers included Mina, Sui, Arweave, Chainlink, and Bitcoin SV, showcasing notable increases. On the flip side, Trust Wallet Token, Tether Gold, Injective, and PAX Gold emerged as the biggest losers.
While stablecoins Tether and USD Coin maintained stability, Binance USD experienced a drop. In the decentralized finance (DeFi) sector, Chainlink and Wrapped Bitcoin registered gains, whereas Dai witnessed a decline. Among non-fungible token (NFT) tokens, Stacks and Axie Infinity displayed positive momentum, contrasting with Internet Computer and Render, which experienced losses.
The recent surge in the cryptocurrency market indicates a substantial improvement from the valuation of $1.09 trillion last month and $1.18 trillion three months ago. This consistent growth underscores the escalating interest and investment in digital assets globally.