As a seasoned analyst with over a decade of experience in the financial markets, I find myself constantly intrigued by the dynamic nature of cryptocurrencies. The crypto world is like a rollercoaster ride that never seems to slow down, and today was no exception.
As a Crypto Investor: Over the past four days, I’ve noticed Bitcoin dipping below $90K, trading between $87,500 and $93,000. On the other hand, XRP has surged more than 25% in a day, pushing its price above $1 and reaching a two-year high. However, the meme coin sector has seen significant selloffs, with PNUT dropping by 15%. Meanwhile, prices for NEIRO, MOG, POPCAT, PEPE have tumbled by 6-13%.
Worldwide cryptocurrency market value increased by 0.28%, reaching a total of approximately $3.04 trillion, however, the overall trading volume of all cryptos decreased by 10% due to selling activities from traders.
On November 17, let me share with you a summary of the key cryptocurrencies ranked by market capitalization, along with their respective price fluctuations.
Cryptocurrency Prices Today: BTC and XRP Hold Market Gains
currently, Bitcoin is holding steady at approximately $90,416, reflecting its current robustness; on the other hand, Ethereum (ETH) saw a minor decrease of 1.81% compared to yesterday. In contrast, Solana (SOL) experienced an increase of 5.27%, moving in a direction opposite to that of ETH.
1) In a positive turn for the leading cryptocurrencies, XRP emerged as the front-runner with a 12.43% surge, enhancing the optimistic outlook in the market.
Bitcoin Price Today
Currently, one Bitcoin (BTC) is being exchanged for approximately $90,416. This represents a minor decrease of 0.80% compared to the previous day’s value. Over the past 24 hours, the lowest and highest prices for BTC were $89,417 and $91,763 respectively. The total market capitalization of Bitcoin is currently $1.79 trillion, making up about 59.19% of the entire crypto market. Over the same period, trading volume amounted to around $44 billion.
It’s noteworthy that a long-time Bitcoin investor from the early days, often referred to as a ‘Bitcoin whale’, has just made $180 million. This significant profit highlights the extraordinary wealth that early supporters of Bitcoin have accumulated throughout its history.
Ethereum Price Today
1-Unit of Ethereum (ETH) has dipped by 1% and is presently being exchanged at around $3,122. Over the last 24 hours, its price fluctuated between $3,039 (its lowest point) and $3,218 (its highest). The market capitalization of Ethereum now stands at a whopping $371 billion, representing a 12.31% share in the overall cryptocurrency market, and a trading volume of approximately $28 billion within the same timeframe.
Experts predict that Ethereum’s price may surpass $4,000, as it continues to be held back by a significant barrier at that level, acting as resistance.
Solana Price Today
Over the past 24 hours, Solana (SOL) has seen a 5.61% rise, placing its current price at approximately $233. The coin’s lowest and highest points in this period were $212 and $235 respectively. With a market capitalization of around $110 billion, Solana ranks as the fourth most valuable cryptocurrency by market cap.
According to technical analysis, Solana’s trajectory appears optimistic, with several experts predicting it could climb towards $1,000 in the coming period. This bullish trend suggests that investors are increasingly confident and eager about Solana’s future prospects.
XRP Price Today
In a noteworthy development, XRP has shown significant growth, climbing approximately 12.3% in the last 24 hours and is now being traded at around $1.02. Over the course of the day, its lowest and highest points were $0.94 and $1.256, respectively. A substantial volume of trading, amounting to roughly $24.05 billion, has occurred in the past 24 hours. This impressive surge has placed XRP as the sixth-largest cryptocurrency by market capitalization, holding a 2.3% share of the overall market.
The rise in XRP’s value is happening as the U.S. adopts a more welcoming attitude towards cryptocurrencies, and there are plans to back homegrown digital currencies. Furthermore, significant XRP investors (often referred to as “whales”) are actively purchasing following a robust breakout and optimistic forecasts.
Meme Crypto Prices Today
Currently, Dogecoin (DOGE) is experiencing a decrease of approximately 6.95%, and its current trading price is at $0.351. Over the past 24 hours, it has fluctuated between $0.341 and $0.389. In the last week, Dogecoin has risen an impressive 54%, and over the past month, it has seen a significant gain of 164%. This recent growth places DOGE as the seventh-largest cryptocurrency by market capitalization. The increase in value is indicative of growing investor interest, as meme coins have recently gained renewed popularity.
In a similar vein, the price of Shiba Inu (SHIB) has dipped by 5.17%, currently standing at $0.00002408. However, over the past week, SHIB has seen a rise of 7%. The strong upward trend over the last quarter, marked by an 82.61% increase, indicates growing enthusiasm for this well-known token, especially given the ongoing high interest in meme coins.
Different meme tokens have experienced declines in the last 24 hours. Pepe Coin, WIF and BONK have each dipped by around 3-6%, while SLERF token has made a notable leap of approximately 42%. The fluctuation in prices highlights the widespread fascination with meme coins, as they remain a captivating element within the crypto market.
Top Cryptocurrency Gainers Prices Today
Mantra Price Today
Over the last day, the value of Mantra (OM) tokens has surged by 35%, currently being exchanged at $2.224. In the past 24 hours, this coin’s trading activity ranged from $1.660 to $2.723, indicating substantial volatility. This consistent upward trend implies a growing interest in Mantra’s platform and offerings.
Sandbox Price Today
In the past 24 hours, SAND, the digital coin, experienced a notable increase of 23%. At present, it’s being traded at $0.3606. Within the same period, its lowest point was $0.2957, while the highest was $0.3984. Additionally, the trading volume spiked by an impressive 450% over the last day.
Stellar Price Today
XLM (Stellar) is currently priced at approximately $0.19, representing a substantial increase as it rose from a 24-hour low of $0.133 to a high of $0.2010. This change of around 27% suggests some volatility, but the coin managed to maintain its overall stability throughout this period.
Top Cryptocurrency Losers Prices Today
Peanut the Squirrel
Peanut the Squirrel (PNUT) has dropped by 15% in the last 24 hours, currently trading at $1.59. Its 24-hour low and high were $1.63 and $1.93, indicating some selling pressure over the past day.
Neiro (First Neiro on Ethereum)
The digital currency NEIRO, which is the initial NEIRO token on Ethereum, is currently valued at $0.002. In the past 24 hours, it has decreased by 2.5%. During this period, its price fluctuated between $0.002 and $0.0024.
Dogecoin (DOGE)
Over the past day, Dogecoin (DOGE) has experienced a drop of approximately 6%, currently trading at around $0.3541. In the same period, its price fluctuated between $0.3417 and $0.3899, demonstrating higher volatility than some other market assets.
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2024-11-17 08:36