Momentum

Shiba Inu

Elon Musk

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrencies-gain-momentum-today" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Gain Momentum Today</a><br></p>
<p style="text-align: justify">Today, the cryptocurrency market witnessed a surge, creating excitement among investors. Within this broader uptrend, meme coins, a popular sector, also drew significant attention. However, not all meme coins followed this general positive trend, with some showing divergent behavior.</p>
<h2 id="what-s-driving-doge-s-positive-trend">What’s Driving DOGE’s Positive Trend?</h2>
<p style="text-align: justify">Dogecoin (<a href="https://en.bitcoinhaber.net/dogecoin-faces-sharp-declines-recovery-next" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) mirrored the market’s overall positive sentiment, with a 0.15% rise in the past 24 hours, bringing its price to $0.1077. Over the past week, DOGE saw a 2.94% increase. Endorsements from <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">Elon Musk</a> and speculation about its potential use on X helped DOGE’s market cap surpass $15.6 billion, securing its position as the 9th largest cryptocurrency. However, its 24-hour trading volume dipped below $500 million, settling at $492 million.</p>
<h2 id="why-is-shib-showing-strength">Why is SHIB Showing Strength?</h2>
<p style="text-align: justify">Shiba Inu (SHIB), a standout performer in the 2021 <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">bull market</a>, returned to positive territory with a slight 0.07% increase, trading at $0.00001646. SHIB’s 7-day growth of 12.83% outpaced the market, pleasing investors. Despite this, SHIB’s market cap remained just under $10 billion, at $9.7 billion. The 24-hour trading volume also dropped from $224 million to $211 million. In the SHIB/TRY pair, the price was recorded at 0.00054890 TL.</p>
<h2 id="pepe-coin-what-lies-ahead">PEPE Coin: What Lies Ahead?</h2>
<p style="text-align: justify">PEPE, which made headlines last June, continued its downward trend with a 4.40% drop in the past 24 hours, bringing its price to $0.000008756. Concurrently, PEPE’s market cap fell to $3.683 billion, while its 24-hour trading volume remained robust at $658 million. In the PEPE/TRY pair, the price stood at 0.00028983 TL, reflecting a noticeable decline.</p>
<h2 id="concrete-insights-for-investors">Concrete Insights for Investors</h2>
<ul>
 <li>DOGE’s recent rise reflects market confidence, bolstered by endorsements and potential new uses.</li>
 <li>SHIB’s strong weekly performance indicates investor optimism despite lower trading volumes.</li>
 <li>PEPE’s continued decline suggests caution, despite its significant trading activity.</li>
</ul>
<p style="text-align: justify">In summary, the cryptocurrency market showed positive movements today, with meme coins experiencing varied performances. While DOGE and SHIB displayed upward trends, PEPE faced a decline, highlighting the diverse dynamics within the market. Investors should consider these trends when making decisions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrencies-gain-momentum-today" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Gain Momentum Today</a></h5>

Cryptocurrencies Gain Momentum Today

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