Highlights
The recent Altcoin market has indeed been volatile, with the volatility of Bitcoin and top Altcoins being particularly evident.
However, it is worth noting that XRP and Doge have been performing quite strongly recently, especially in the recent market trend, with these two surging significantly.
Currently, MEME Coins have once again become the focus of the market, especially driven by the mirror effect, attracting a lot of attention.
Bitcoin (BTC) is holding around $87,000 today, while Ethereum (ETH) and Solana (SOL) prices are hovering in the doldrums. Overall, the global Altcoin market capitalization fell 0.52% today, falling back to $2.93 trillion, but is still up 6.52% from before, reaching $3.184.4 billion.
It is worth mentioning that the prices of XRP and Dogecoin (Doge) have seen significant increases in the recent market trend, also bringing some new opportunities to the market. Next, let's take a deeper look at these market-leading Altcoins and see their price dynamics on November 13.
Today's Altcoin Market: Altcoins Shine Amidst Volatility
Looking at the price charts of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the Altcoin market has seen significant volatility today. However, Ripple (XRP) saw an especially impressive gain today. Meanwhile, Dogecoin (Doge) has also seen another wave of increase due to the support of Musk and Vivek Ramaswamy in the Trump cabinet.
Here is a brief overview of the market situation for the major Altcoins today:
Bitcoin (BTC) Price
As of the time of writing, the price of Bitcoin has fallen by about 0.5%, currently trading around $87,469. The day's low and high prices were $85,155 and $89,915 respectively. Bitcoin's market capitalization has reached $1.73 trillion, with its market dominance also slightly increasing to 59.45%.
Recently, the bullish sentiment in the Bitcoin market has been driven by the strong inflow of capital into the spot BTC ETF, with the active participation of institutions like BlackRock instilling confidence in the market. Additionally, the exposure of Trump's Bitcoin holdings has also brought Altcoins back into the spotlight.
Ethereum (ETH) Price
Ethereum has fallen by about 3% in the past 24 hours, with the current price at $3,231. The 24-hour low and high prices were $3,211 and $3,444 respectively. Ethereum's market capitalization is $389.2 billion. Although the price has declined, institutional demand for Ethereum remains strong.
Furthermore, the improvement plan proposed by Ethereum co-founder Vitalik Buterin has also brought some positive sentiment to the market.
Solana (SOL) Price
Solana's price has risen by nearly 8% over the past day, currently trading at $202. SOL's low and high prices were $204.64 and $225.01 respectively, with a market capitalization of $96.03 billion.
SOL's volatility is in sync with the overall market turbulence, and the outlook for SOL has been relatively optimistic recently, with some analysts predicting the token's target price could reach $600.
Ripple (XRP) Price
XRP has surged by nearly 11% in the past 24 hours, currently priced at $0.6712. The 24-hour low and high prices for XRP were $0.5991 and $0.7314 respectively, with a market capitalization of $38.21 billion. As XRP's market cap approaches $40 billion, the market generally expects its target price to rise to $1.2.
MEME Coin Performance
Dogecoin (Doge) rose nearly 4% today, with the current price at $0.3778. Meanwhile, Shiba Inu (SHIB) price fell nearly 9%, currently at $0.00002477.
Other MEME coins like PEPE, BONK and FLOKI have seen 4%-30% gains, with the market being quite active.
Top Gainers Today
BONK BONK's price has soared 30% in the past 24 hours, currently trading at $0.00003397. Today's low and high prices were $0.00002605 and $0.00003965 respectively, with significant gains attracting a lot of attention.
Stellar (XLM) XLM price has risen 14%, currently at $0.1301. The intraday low and high were $0.1144 and $0.141 respectively, with an active market performance.
FLOKI FLOKI's price has risen about 8% in the past 24 hours, currently trading at $0.0001969. Today's low and high prices were $0.0001808 and $0.0002204 respectively, continuing to attract investor attention.
Top Losers Today
Fetch.ai (FET) FET's price has fallen 21% in the past day, currently at $1.29. The intraday low and high were $1.27 and $1.64 respectively, with a relatively weak performance.
World Coin (WLD) WLD price has dropped 15%, currently trading at $2.28. The 24-hour low and high were $2.25 and $2.48 respectively, with a relatively gloomy market sentiment.
Uniswap (UNI) UNI price has fallen 11% in the past day, currently at $8.66. The coin's 24-hour low and high were $8.55 and $9.85 respectively, with significant volatility.
Additionally, BTC and ETH continue to decline on the hourly chart, and the market seems somewhat concerned about the direction of Altcoin prices today. However, considering the US House of Representatives' support for Altcoins, the industry still maintains some hope, and a rebound may be expected in the future.
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