The market today, especially the leading cryptocurrencies including Bitcoin and Ethereum, exhibits normal volatile behavior with small upward trends and constant oscillations. The Bitcoin price could not hold above $68,000 while Ethereum was oscillating around $3,800, which shows the current volatility in the market.
The market capitalization of cryptocurrencies in the world showed a slight increase of 0.35%, reaching $2. 54 trillion. This increase is accompanied by a phenomenal rise in the market volume by 42.15%, amounting to $64. 02 billion within the last 24 hours, which points towards increased activity and interest from investors, especially in altcoins. Notcoin’s performance was particularly brilliant during the day and not only placed it as the leading gainer of the day but also ensured that it was noticed by traders and analysts.
Notcoin has recently reached its highest value at $0. 0294. Despite facing an an intense rejection from this level, NOT still showed a 12.72% uptick in the last 24 hours. The average trading volume for Notcoin increased by 119 percent, revealing a healthy trading interest which in turn reflected in the market cap growth to $2.15 billion.
Currently, NOT/USD has strong support at $0.020 and it needs to break above the $0.029 resistance to aim for more upside.
Kaspa (KAS) also experienced high volumes of trading, a 7. 0.1% increase raised the price to $0.1481. The altcoin remained in a constant uptrend for the day and was boosted by the volume which was up by 285%. 66% showing buyers’ interest.
The current market trend of Kaspa shows that there is still interest in the market that may take the price to the next resistance of $0.15.
Similarly, Floki went up by 9.21 percent, making it one of the best-performing coins in the market, which raised its price to $0. 0002697. By increasing the trading volume of Floki by 31.25 percent, the belief that the cryptocurrency market is in a bearish trend weakens. Floki’s price action has been ranging upwards and, therefore, has more room to grow with the first level of resistance estimated to be around $0. 00027 mark.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.