On Saturday, Dec. 21, 2024, the crypto economy is cruising with a valuation of $3.36 trillion, ticking up by 0.53% in the last 24 hours. Bitcoin has taken a nosedive, falling below $100,000 after losing 4.18% of its U.S. dollar value, now hovering just over $97,000.
Meanwhile, ethereum (ETH) is trading at $3,366 per unit, having slipped by 13.2%. The biggest flops this week were predominantly meme coins, and right now, the meme token economy is chilling at a cool $107 billion.
Peanut the squirrel (PNUT) took a nosedive, losing 45.58% this week, and the AI-crafted coin goatseus maximus (GOAT) plummeted by 43.55%. The fresh-faced pudgy penguins token (PENGU) sank 40.69%, while NIERO shed 39.55% over the last seven days.
PNUT/USDT on Dec. 21, 2024.
CVX dropped 35.74%, POPCAT tumbled by 33.59%, and MOG lost 33.32%. SUSHI lost 32.09%, CRV fell by 30.27%, and DYDX decreased by 29.85%. The meme coin WIF took a 29.55% hit, OP shuddered by 29.10%, and APT dipped 28.07%.
CAKE too lost 27.83%, and GALA went down by 27.32%. But it’s not all doom and gloom; some coins actually thrived over the seven-day stretch.
FARTCOIN/USDT on Dec. 21, 2024.
Moca (MOCA) skyrocketed with a 236.80% gain, movement (MOVE) rose by 61.28% this week. Usual (USUAL) climbed 60.53%, the infamous fartcoin (FARTCOIN) increased by 43.54%, HYPE leaped 40.59%, and the exchange token BGB went up by 32% this week.
Exchange tokens were the standout performers over the last 30 days, according to Artemis Terminal. The wild rollercoaster ride of digital currencies showcases the volatility and speculative vibes of the current bull market cycle, with some coins rocketing up while others take a nosedive.
This pattern not only reflects the ever-shifting mood of traders but also highlights how market catalysts are steering the crypto story, with niche tokens playing a starring role. As traders try to keep up with these ups and downs, it’s obvious that being flexible is the way to go.
The popularity of exchange tokens and niche projects points to a change in focus, with traders possibly seeking out spots of stability or fresh ideas. These shifts paint a picture of a crypto world that’s unpredictable yet full of opportunities, defining the essence of the cryptocurrency scene in recent times.
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