On Monday, the top cryptocurrencies made profits, with Bitcoin up by 24% along with an increase in meme coins and metaverse tokens.
Crypto prices today: Bitcoin above $21,000, Etereum, Solana & XRP up
By Nidhi Bhardwaj: The prices of the top cryptocurrencies on 16 January traded in the green. The value of Bitcoin traded at $21,123.39, with an increase of 1.86 percent in the last 24 hours, with overall gains of 24 percent in the last seven days. Indeed, the value of the world’s largest coin in terms of trading volume, after struggling between $16,000 to $18,000, has risen. This gain is further witnessed in Ethereum with a 2.87 percent increase to trade at $1,571.01, as per the last 24 hours.
At the time of writing this article, the value of Polygon and Dash increased by 5.33 percent to $1.03 and 1.12 percent to $51.91, respectively. As of (1000 IST), XRP advanced by 3.48 percent to $0.403276. The value of Avalanche increased by 2.47 percent to $16.92. However, Monero’s value fell by 0.04 percent to $175.54.
The value of Cardano gained 3.22 percent to $0.357985. Additionally, Solana also noticed a rise in the value by 1.20 percent to $23.21.
The global crypto market cap on Monday rose by 2.09 percent to $993.92B. On the other hand, the total crypto market volume registered a loss of 28 percent to $47.85B from the previous day.
The top gainers today were Frax Share, Decentraland, Convex Finance, and Celo. Contrastingly, Lido Dao, eCash, Zcash, and Cronos were the top losers.
Meme coins garner profits
As the market traded in the green over the last 24 hours, the price of top meme coins such as Shiba Inu and Dogecoin increased. The value of the former rose by 6.17 percent to $0.000011 and the latter observed growth at 1.88 percent to $0.086430 .
Metaverse tokens observe gains
The price of Decentraland marked gains of 21.66 percent to $0.694036. Similarly, The Sandbox and Axie Infinity both improved by 10.58 percent to $0.711079 and 3.33 percent to trade at $9.36, respectively.