Bitcoin has achieved a major milestone in the cryptocurrency market, surpassing its closest competitor, Ethereum, in market capitalization to surpass $1 trillion. As of this report, Bitcoin is trading at $68,366 with a total market capitalization of approximately $1.35 trillion. In comparison, Ethereum is trading at $2,647 with a market capitalization of approximately $318.68 billion. This means that Bitcoin is currently $1.03 trillion ahead of Ethereum, more than four times the market capitalization of Ethereum.
According to James Check, chief analyst at Glassnode, the $1 trillion gap between Bitcoin and Ethereum marks a record gap, indicating that such a difference has never been observed in the history of these cryptocurrencies. At the same time, tokens in several networks have also experienced gains. This article summarizes the popular cryptocurrency currencies on DEXTools.
Popular Cryptocurrencies on DEXTools
MINO is currently trading at $0.000625 with a market cap of approximately $852.86K. Meanwhile, Pal (PAL) is trading at $0.0139 with a market cap of $9.13M and a 24-hour trading volume of $1.51M.
The latest price fluctuations of $ROAR indicate a significant change in market trends. In addition, Pepe Unchained (PEPU) successfully surpassed $20 million in presale. In addition, Bitcoin rose by 9%, the strongest in more than a month.
1. Mino (MINO)
MINO is currently trading at $0.000625 with a market cap of $852.86K. In the past 24 hours, the trading volume has surged to $3.38 million and the price has increased by 25,004.03%. MINO has a circulating supply of 1 billion and no additional coins are expected as it has already reached its maximum supply of 1 billion.
When analyzing the MINO/USD chart on the 15-minute timeframe, several key price trends can be seen. The price started at $0.0006068 and gradually increased to $0.0007927, a gain of 30.63%. Furthermore, the price reached a high of $0.0008874 and dropped to a low of $0.0004788, showing significant volatility. A sharp bull run pushed the price close to $0.0012, however, a correction ensued, resulting in a drop in the subsequent candlesticks.
The candlestick pattern further reflects this price action. Initially, the market went through a consolidation phase with small candlesticks indicating limited volatility. However, around noon, a bullish trend emerged with large green candlesticks showing strong buying pressure. Subsequently, the market entered a correction phase with a series of red candlesticks indicating selling pressure, possibly traders taking profits or shorting the asset.
2. Pal (PAL)
Pal (PAL) is trading at $0.0139 with a market cap of $9.13 million and a 24-hour trading volume of $1.51 million. Trading activity increased by 10,306.67% in the past day. PAL has a circulating supply of 1 billion tokens, which also represents the maximum supply.
Initially, the price of PAL rose rapidly, from $0.009171 to $0.009762. This sharp rise indicated a strong bull trend with increasing buying pressure in the market. However, this momentum soon disappeared and the price quickly dropped to $0.008625. Currently, the price has recovered slightly and is $0.009181, although it is still close to the session's low.
During the price rally, trading volume increased significantly, with 127,964 tokens exchanged. This suggests that many traders entered the market, driving the initial rally. Furthermore, trading volume remained high even as prices declined. This suggests that many sellers may be taking profits or reacting to possible overbought conditions.
In terms of candlestick patterns, the initial green candle reflects strong buying activity. However, it was followed by several red candles, indicating a steady decline in prices as sellers began to dominate the market.
Overall, market sentiment was initially bullish, likely driven by positive market developments or increased demand. However, the correction in the second half of the chart suggests a short-term reversal, perhaps in the form of profit taking or a natural market correction after a rapid rise.
3. $Roar (ROAR)
$ROAR’s recent price movement shows a clear change in market dynamics. Initially, the price surged to $0.00992, which was accompanied by a significant increase in trading volumes. Moreover, a staggering growth of 12,066.05% was seen in the past 24 hours, indicating strong buying interest. The high green candle marks the early price action. This pattern reflects upward momentum with less selling pressure. This early bullish sentiment could be driven by market optimism or positive events. These factors encourage buyers to push prices higher in the short term.
However, this rise was quickly followed by a large red candle, indicating a bullish reversal. This shows that buyers quickly became exhausted. As a result, sellers took over aggressively, erasing most of the early gains. Volume remained high, although it declined slightly in the latter part of the session. This shows that while selling pressure is still present, it is gradually waning.
The market is trying to stabilize after a sharp decline. However, the alternating green and red candles between 14:00 and 16:00 indicate that the overall trend is still bearish. The lack of a strong rebound further indicates that the market lacks confidence in a possible reversal. In conclusion, sellers continue to remain in control and the dominant sentiment in the market is bearish.
What could be the next hot cryptocurrency?
Pepe Unchained (PEPU) recently passed a major milestone of $20 million in presale. The secondary meme coin aims to differentiate itself from its competitors and establish a lasting presence in the cryptocurrency market.
The presale is gaining momentum, raising hundreds of thousands of dollars a day, with a current total of about $21 million. Investors can get PEPU tokens at a fixed price of $0.0112, and the presale accepts multiple payment methods such as ETH, USDT, BNB, and credit or debit cards.
Once the pre-sale is over, Pepe Unchained plans to list the PEPU token on an Ethereum-based decentralized exchange (DEX), and it is expected that token claims will go live at the same time. In the meantime, 7.5% of the total supply of 8 billion tokens have been allocated for initial liquidity, and 10% of the supply is reserved for future marketing efforts.
The project’s smart contracts were thoroughly audited by Coinsult and SolidProof, with no major issues found. This action is likely to boost investor confidence, as reflected in the project’s growth on social media, with more than 50,700 Twitter followers and more than 10,000 Telegram subscribers.
Pepe Unchained is also developing a dedicated secondary network called Pepe Chain, which promises faster transactions and lower fees relative to Ethereum. In addition, PEPU holders will be able to use the "double staking" application and earn an annual yield of approximately 107%.
By providing funding for new projects on Pepe Chain, the team encourages innovation and aims to promote the growth of its ecosystem. Overall, Pepe Unchained aims to create an efficient and convenient environment for memecoin traders.
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