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- Nine currencies have more than doubled in value in the previous 24 hours
- AquaGoat.Finance falls 86%
When you get beyond the top 100 or 500 tokens in the cryptocurrency market, the volatility skyrockets. If you pick the appropriate dark alley, you can grow your money up to 10-fold in a day, or you can lose everything in the same period if you pick the wrong one.
Monday has been no exception. Nine currencies have more than doubled in value in the previous 24 hours, according to CoinMarketCap’s top gainers list, with one rising by 500%. As of 16:45 hours, those nine currencies were ForeverFomo, Rapidz, Gaj Finance, GravitX, WAIV Care, Axion, Pastel, Big League, and Power Tool (IST). Some of them were sold for as little as a thousandth of a dollar.
On the other hand, one token has dropped approximately 97% in the last 24 hours, according to the list of losers. This list also includes coins that had risen more than 800% in the previous day. This smells like a typical pump-and-dump technique.
Losers
AquaGoat.Finance, valued at $0.000000000035, was the biggest loser of the day, falling 86.50% in the last 24 hours. GoldFinX, which soared 800% on Sunday, is now down more than 80%. In the Tuesday trading session, the token is down 23.69% in the last 24 hours.
Understandably, the volume of trade for these names is typically minimal, but it might jump anytime they are at the top of the gainers’ or losers’ list. Even so, it rarely exceeds a few lakhs of dollars.
Major cryptocurrencies, which appear to function in a parallel universe and have garnered some legitimacy, were mostly up. Solana gained 7%, making it one of the top gainers in the Monday trading session. However, the token is showing red signals with 8.26% down at the time of writing in the Tuesday trading session.
According to data, the worldwide crypto market worth was $1.95 trillion on Monday, up 2.69 percent from the previous day. The entire crypto market volume for the previous 48 hours was $97.68 billion, a decrease of 11.53 percent. The overall volume of all stablecoins is now $78.36 billion, accounting for 80.22 percent of the total 24-hour volume of the crypto market.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
