• The cryptocurrency market has seen a slight drop today, with a total cap of $1.025 trillion, its total value has decreased by 0.5% in 24 hours.
• Several coins have posted significant returns in the past 24 hours, including Shiba Inu (SHIB), MEMAG, DOGE, FGHT, ETHW, CCHG, CSPR, RIA and HOT.
• SHIB is currently up by 15% in the past 24 hours, with its price sitting at $0.00001209, and is rising because Shiba Inu developers have tweeted that the layer-two Shibarium network is “about to be launched” in beta form.
Today, the cryptocurrency market has seen a slight drop in its total value, with a total cap of $1.025 trillion decreasing by 0.5% in 24 hours. Despite the recent dip, the market has posted strong gains in the last week and month, with values increasing by 15% and 22% respectively.
Amidst the market downturn, a number of coins have posted significant returns in the past 24 hours, beating averages. These coins include Shiba Inu (SHIB), MEMAG, DOGE, FGHT, ETHW, CCHG, CSPR, RIA and HOT.
SHIB is currently one of the best-performing major coins, up by 15% in the past 24 hours, with its price sitting at $0.00001209. This represents a 30% gain in a week, with the meme token also posting a return of 4% in the last 30 days. This rise is largely due to anticipation for the upcoming Shibarium layer-two network, with developers tweeting that it is “about to be launched” in beta form.
The relative strength index (RSI) for SHIB is very close to touching 90, signalling some very strong momentum right now. Additionally, its 30-day moving average (MA) has begun rising quite steeply, indicating a possible breakout.
Other coins that have posted significant returns over the past 24 hours include MEMAG, DOGE, FGHT, ETHW, CCHG, CSPR, RIA and HOT. MEMAG has seen an impressive 7.3% increase in the past 24 hours, while DOGE has gained 3.3% over the same period. FGHT, ETHW, CCHG, CSPR and RIA have all posted returns of 2.1%, 1.6%, 1.2%, 0.8% and 0.5% respectively. Lastly, HOT has seen a gain of 0.3% in the past 24 hours.
This list of coins provides investors with a potential opportunity to capitalize on current market conditions and make gains despite the recent downturn. As the cryptocurrency market continues to evolve, it’s important to stay abreast of the latest developments, and this list of the best crypto to buy today could provide investors with an edge.