Crypto Market Update Today: BTC and ETH Display Stability While PENGU, XMR, WAL Gain Massive Strength

The post Crypto Market Update Today: BTC and ETH Display Stability While PENGU, XMR, WAL Gain Massive Strength appeared first on Coinpedia Fintech News

After the rise in the past week, the investors have become more optimistic about the upcoming price action. As a result, the prices of the top two cryptos, Bitcoin & Ethereum, remain stagnant, displaying minor fluctuations. With this, the altcoins have begun to display massive strength, with a couple of them surging by over 30%. The overall markets remain elevated, with the crypto price prediction for today being pretty bullish.

Bitcoin, Ethereum & the Top 10’s

After the rise to the pivotal resistance zone, the Bitcoin price seems to be preparing to secure the range, which may help the token to initiate the next upswing. Meanwhile, Ethereum closely follows the top token and remains consolidated just below the pivotal resistance at $1800. Meanwhile, the XRP price has broken out from a pattern, which suggests a fresh rise to $3 could be imminent. Cardano rises and sustains above $0.71, Dogecoin hovers in and around $0.18, BinanceCoin sticks above $600, but Solana is struggling to reach $150. The crypto market sentiments have become neutral from fear, which suggests greener days could follow this month.

Top Gainers-PENGU, XMR and WAL

While the top tokens have refrained from maintaining a strong upswing, other altcoins like Monero and Walrus have begun a bull-run-type rally. While XMR and WAL prices attract 28% and 20% gains, respectively, Pudgy Penguins lead the table with a whopping 41.5% surge.  The XRP price has surged with a large margin compared to the other top 10 tokens, as it received a strong boost following the launch of a spot XRP ETF, while the PENGU price surged by 45% with a massive increase in the volume of over 225% to reach $580 million. Meanwhile, the other memecoins have also displayed some strength, which suggests the market participants have become bullish over the next price action.

Top Losers- BSV, WLD and FET

The volume of some altcoins has increased significantly, but the global trading volume dips by over 7.7%, suggesting a drop in bullish activity. The drop in the prices of Bitcoin SV , Worldcoin and Artificial SuperIntelligence Alliance suggests a notable shift in the momentum to other altcoins. Despite a drop of between 6% and 8% in these altcoins, the community sentiments for Kaspa and Pi remain extremely bullish, followed by Virtuals Protocol, Cardano, and XRP. The rise in the sentiments among the top 10 suggests the bulls could be preparing for the next upswing.