Cryptocurrency Update: 6 Crypto Coins Surge Up To 590.38% in a Day. See Top Gainers
The global crypto market cap was soaring at $2.59 trillion on Monday, October 25, up 1.89 percent over the previous 24 hours, data showed. A day after popular cryptocurrency Shiba Inu scaled record highs over the weekend to become the 11th-largest altcoin on Sunday, the global crypto market cap was soaring at $2.59 trillion on Monday, October 25. The entire volume of the crypto market during the last day was $2.59 trillion, a rise of 1.86 percent over the previous 24 hours.
According to CoinMarketCap, the total volume in DeFi in the previous 24 hours was $11.54 billion, accounting for 11.44 percent of the overall crypto market volume.
Bitcoin, which is currently one of the most popular cryptocurrencies in the world, has gained 2.83 percent in the previous 24 hours following a weekend drop. At the time of writing this article, one Bitcoin was worth $62,637.30. The price of one Bitcoin reached an all-time high of roughly $66,900 on Wednesday.
According to media sources, Shiba Inu, one of the rising cryptocurrencies, has seen a record surge of 50% through 10:10 a.m. New York time on Sunday.
"Shiba Inu, the meme coin, has been on a dream run for the past 24 hours. The coin was kept pumped up by a large buying volume. The bears are expected to gain momentum during the next 24 hours. As nations emerge from weekend mode, trade volumes will increase," said Edul Patel, Mudrex's CEO and Co-Founder.
"The Shiba Inu, on the other hand, has soared to a new high, jumping more than 50%." Elon Musk's statement that he had no ownership in the cryptocurrency, however, swiftly overshadowed this, resulting in a price drop.
In this regard, it's important to keep in mind that the top market gainers and losers have changed throughout the last 24 hours. UpCake was the largest gainer in the crypto market on Monday. The price of this altcoin was $0.0002933 at the time of writing this article, up 590.38 percent. Shibanomics took the runner-up slot. On Monday, this cryptocurrency was trading for $.00000001696, an increase of 537.22% in the previous 24 hours.
In the cryptocurrency market, DogeZilla was the third biggest gainer. Its value has increased by 286.35 percent in the last 24 hours. At the time of writing this article, one DogeZilla coin was worth $0.
In terms of losers, Wolf Safe Poor People was at the top of the list, down 99.99 percent and trading at $0.0000000005. French Connection Finance and HOQU came in second and third, respectively, with 69.16 percent and 63.06 percent declines.
