|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
DOGE Leads the Crypto Market Gainers' Parade, While TRON and Avalanche See Slight Dips
Oct 21, 2024 at 03:01 am
This week has been a wild ride for the crypto market, with major players like DOGE, ETH, and SOL making big moves upward, while others
Major cryptocurrencies enjoyed a largely positive week with gains led by Dogecoin (DOGE), while a few others faced slight dips. Here's a rundown of the price movements:
1. DOGE Surges with a 25.9% Gain
After weeks of relative stagnation, DOGE exploded with a gain of 25.9%, surging from $0.1109 to $0.1396. Being heavily influenced by social media buzz, the meme coin appears to be experiencing a renewed enthusiasm among retail investors.
With Elon Musk's continued fascination with Dogecoin, traders are keeping a close watch on its next move, especially considering the potential impact of his upcoming appearance on Saturday Night Live.
2. ETH, SOL Enjoy Double-Digit Gains
While DOGE stole the headlines with its impressive run, other altcoins also made significant gains. Ethereum (ETH) enjoyed a double-digit gain of 10.5%, pushing it to $2,710. This continued growth suggests that institutional interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) is set to continue.
Another altcoin that saw a substantial gain is Solana (SOL), which surged by 10.1%, bringing it to $161.11. Solana's efficient transaction system continues to attract investors seeking alternatives to Ethereum.
3. BTC Gains Slowly, Altcoins Outpace
Bitcoin (BTC) experienced a gain of 9.8%, moving from $62,100 to reach $68,650. This price increase reinforces BTC's status as the market's leading cryptocurrency, despite experiencing a slower percentage gain compared to some altcoins.
Meanwhile, Binance Coin (BNB) had a modest but respectable gain of 5.4%, breaking the $600 mark once again. At the same time, Cardano (ADA) edged up by a smaller margin, with a gain of 2.7% to hit $0.3590.
Both coins showcased resilience and steady adoption in the expanding blockchain landscape, although they did not garner the same level of attention as DOGE. XRP also experienced a minor increase of 2.5%, while TON rose by a barely noticeable 1%.
4. TRX, AVAX Dip Slightly as Others Rise
Not all cryptocurrencies experienced bullish trends this week. While most enjoyed price increases, a few faced slight dips. Among them, Tron (TRX) experienced a decline of 4%, falling to $0.1567.
Another cryptocurrency that saw a minor setback was Avalanche (AVAX), which slipped by 0.8% to end the week at $28.40. These dips came as the broader crypto market experienced increased volatility, with investors taking profits following strong rallies.
Crypto Market Winners
Eight of the cryptocurrencies within the top 10 experienced a price increase over the past week. Here’s a look at them, ranked by their percentage increase:
Crypto Market Losers
2 of the top 10 cryptocurrencies experienced a price loss over the past week. Here’s a look them, ranked by their percentage decrease:
This concludes our summary of the price movements for the top 10 cryptocurrencies over the past week. It's important to note that these prices are subject to frequent fluctuations and may vary across different exchanges. Always conduct your own research before making any investment decisions and consider the latest updates and market trends.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Craig Wright's Lawsuit Against Bitcoin Core Developers: A Cultural Battle Within Cryptocurrency
- Oct 21, 2024 at 08:45 am
- Australian computer scientist Craig Wright has filed a lawsuit against Bitcoin Core developers in London's High Court of Chancery. This latest legal effort is Wright's attempt to assert that Bitcoin SV (BSV), a variant of Bitcoin he champions, represents the true version of the cryptocurrency originally envisioned by its mysterious creator, Satoshi Nakamoto.
-
- Bitcoin (BTC) Maintains Position Above $68,000 as Altcoins Register Gains
- Oct 21, 2024 at 08:35 am
- The cryptocurrency market is showing signs of stability today, with Bitcoin (BTC) maintaining its position above the $68,000 mark. This steady performance is a welcome change for many investors, especially as altcoins such as Ethereum (ETH) and Solana (SOL) also register gains.
-
- Prime Minister States Russia Will Create a National Domestic Payment System
- Oct 21, 2024 at 08:35 am
- Russia is embarking on a mission to achieve independence from the current financial institutions. At the Moscow Financial Forum, Prime Minister Mikhail Mishustin highlighted this system is the only opportunity for Russia to reach a fair principles-based international trade platform.