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- Insights
- Cryptocurrencies
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- Stocks
- White Papers
- Reports
- Industry
- Geography
The crypto market has exhibited fluctuations as Bitcoin’s valuation takes a backseat as it struggles at $61k.Over the past 24 hours, total cryptocurrency market capitalization has risen by 1.75% and is now at $2.29 trillion. Additionally, the volume on the market increased considerably—to $61.35 billion, up by 7.15%. Today, three top gainers in cryptocurrencies, AKT, BOME, and ENS, have shown unique behavior in the market, resulting in significant price increments.
The network saw a large increase, associated with its price soaring by 18.49%, reaching $3.71 per token you buy on an exchange like Binance or Coinbase Pro. Another key indicator showing investors' strong interest is the AKT trading volume, which amounted to $84,544,591 as of now.AKT’s price chart patterns represent a strong upward trend reinforced in early trading, but later, it evened out slightly. Finally, it has gained momentum again due to some improvements made in the system and new options provided for staking purposes.
Technical analysis of AKT coin suggests that it is well supported above its 9 period Exponential Moving Average (EMA) which stands at $3.3469 today as per TradingView . Furthermore it appears neither overbought nor oversold with RSI currently reading 57.56 thus maintaining healthy momentum and inviting more buying if this trend prevails.As we can see from this technical analysis graph below this text shows some aspects such as moving average lines indicating intraday support levels while RSI value around 50 indicates balanced asset behavior throughout time frame analyzed.
Meme coins are well known for their volatility and the book of meme is no exception which reflects that in its 24-hour price development by a gain of 14.87% thus pushing the price to a new $0.01037.The BOME traded with a volume amounting to $214,409,650 reflecting heightened trading activity.
On the daily chart of BOME/USD, we see that BOME showed sharp ups and downs on different days as it is typical of meme based assets influenced by trader sentiment and social media buzz. The price currently slightly corrected from its peak level. The RSI is 61.36 which implies that the coin might be approaching overbought area leading to potential pull back. However, the cost remains above 9-period EMA at $0.01008038, which could serve as a support if there will be any downward adjustment.
An increase in Ethereum Name Service has seen it rise by 13.34% to trade at $28.28 with a total volume of $168,412,449.The trading volume been consistently climbing up so far indicating strong buying interest.This increase may have resulted from its vital role within the ethereum ecosystem improving on its usefulness and demand levels.Technical indicators favor this upward movement since RSI is at 57.48 showing balance in market conditions.
The EMA at $26.43 provides a support level that has been respected throughout the recent price action, suggesting that ENS might maintain its bullish stance if the crypto market conditions remain favorable.
