After the Bitcoin halving, there’s been renewed optimism in the crypto market. Many enthusiasts believe this means another price surge for top cryptocurrencies is on the way. Two days following the event, most assets showed positive growth as Bitcoin regained some of its value lost during pre-halving sell-offs that pushed the price below $63,000.
Currently, Bitcoin is priced at $66,256 according to the latest news reports. The majority of leading cryptocurrencies are experiencing gains. Yet, some assets have experienced outflows as they went against the overall market trend. Below are the digital currencies that suffered the most losses within the last 24 hours.
dogwifhat (WIF)
After the halving event, memecoins experienced significant losses as many investors moved their funds into cryptocurrencies with stronger prospects of rising alongside Bitcoin. For instance, Dogewhats suffered a 5.2% decrease over the last day and a 2% decline in the current week. Previous market gains were overshadowed by these recent losses.
At a price of $3 per Dogwifhat token, this asset boasts a total market value of approximately $2.9 billion. Trading volumes for Dogwifhat dipped slightly to around $506 million. Some memcoins experienced minor decreases in value, but experts anticipate increased investment as a result of potential profits from the Bitcoin halving event.
Monero (XMR)
Over the past 24 hours, Monero’s privacy coin experienced a small decrease of 1%. This week, its value dipped by 2%, leading to an outflow of 10.2% over the last two weeks. Monero currently has a daily trading volume of approximately $40.6 million, with each token priced at around $120.19. Monero is a well-liked crypto choice among users.
Dogecoin (DOGE)
The current price of Dogecoin is at $0.16, which represents a 0.9% decrease today. This downward trend comes as the Bitcoin halving event continues to influence the market. Notably, many popular meme coins have experienced only modest losses following the Bitcoin halving. Dogecoin itself has seen a weekly decline of 3.9%, resulting in a decrease in monthly investments to just 0.2%.
In the crypto market, there’s a lot of optimism surrounding the most popular memecoin, with some members of its community predicting significant price increases. Dogecoin, on the other hand, is currently underperforming. However, the memecoin sector as a whole saw a net inflow of 1.5% recently, and certain assets experienced substantial growth.
In the past 24 hours, Monku experienced the greatest increase with a surge of 156%. On the other hand, Kabosu Inu and Solama saw gains of 58.4% and 54.6% respectively.
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2024-04-22 12:36