How Are Altcoins Performing Today?
Release: 2024/05/03 10:14 Reading: 986
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The anticipated surge in cryptocurrencies following the halving has not materialized as expected. The market underwent a downturn until the Fed's decision, followed by a modest recovery. As Bitcoin's price surpassed $59,000, attention shifted to prominent altcoins in March, including SOL, CHZ, and FLOKI. What is the current status of these altcoins as the new day commences?
Solana Coin Commentary
Since its inception, Solana (SOL), also known as the "Ethereum killer," appears to be gaining momentum today.
Approximately 1.5 months ago, SOL reached a historic peak, surpassing $200. Although it subsequently declined, it seems to be signaling a promising day for its investors.
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Within the last 24 hours, SOL has experienced an increase of over 8%, trading at $140. Its market capitalization has similarly risen, now standing at $62.8 billion, ranking just behind BNB.
However, SOL's 24-hour trading volume has decreased by 20%, falling to $3.3 billion. This may indicate a lack of buyers or sellers unwilling to trade at these levels.
How Much is Chiliz Coin?
CHZ, renowned for its sponsorship deals, is among the leading defiant cryptocurrencies in the market. Today, CHZ rose 6% to $0.1198.
This price increase has also impacted the market capitalization, bringing CHZ back above the $1 billion mark. Conversely, CHZ's 24-hour trading volume has decreased by 42% to approximately $60 million, suggesting a sharp decline in investor interest.
Potential bull markets in the future and sponsorship deals by Chiliz could contribute to ecosystem growth and potentially lead to a return to its previous ATH.
Floki Coin Price Outlook
Finally, examining FLOKI, which made headlines in March 2024, it began the day with an 11% increase over the last 24 hours, reaching $0.0001703.
It is noteworthy that FLOKI has experienced a remarkable 431% growth over the past year, outperforming many other cryptocurrencies. However, its price has declined by 7% over the past week.
The surge in FLOKI's price has elevated its market capitalization to $1.6 billion, highlighting the ongoing popularity of meme coins. Unlike its competitors, FLOKI also witnessed an increase in its 24-hour trading volume, rising by 1% to over $208 million, reaffirming investor interest.
The post first appeared on COINTURK NEWS: How Are Altcoins Performing Today?
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