• 15 October, 2024
Market News Price Analysis

Crypto Market Surge: Shiba Inu Rallies, Cardano Climbs Up

Crypto Market Surge: Shiba Inu Rallies, Cardano Climbs Up

The entire crypto market shows signs of potential bullish momentum, with a weekly market capitalization of over $2.32T, an increase of 5.98%, and a seven-day volume of $76.96B, a jump of 4.7%. At the time of writing, the Fear and Greed Index was at 57. Although it indicated neutral momentum, it also represented bullish momentum as it was inclined toward Greed.         

Hamster Kombat (HMSTR) is currently the top trending coin. This coin, which had been catching the eyes of traders over the past few months with its interactive Telegram game, was finally listed on September 26. The coin is trading at $0.006569 and has a seven-day decline of more than 28%. It has a market cap of $422,834,375 and a 24-hour volume of $294,813,946, a decline of 74.17%. Other trending coins experiencing declines are HI and ELON. However, coins like MAD and BTC are experiencing a positive uptrend.     

Shiba Inu (SHIB) is the top gainer this week, gaining 41.93% over seven days and trading at $0.0000198. The coin has a volume of $1,471,104,329, which has increased 12.23% in 24 hours, and a market cap of $11,666,213,857. SHIB has a Relative Strength Index (RSI) of 77.91, which means it is in overbought territory. The Moving Average Convergence Divergence is trading above the signal line, which indicates a bullish momentum. Other top gainers of this week include PEPE, ENA, W, and WLD. Each coin has gained somewhere between 30% and 42% in the last seven days.

SHIB Surged to 42% as Focus Shifts to New Point of Interest

One of the major upsets this week is Cardano’s entry into the top 10 cryptocurrencies. ADA has a price of $0.4002 and has increased to 13.28% over the last seven days. However, its volume declined to 27.53%, reaching $258,154,652 with a market cap of $13,989,216,707. Overall, according to the 7-day average, the top 10 cryptocurrencies are all trading in the positive zone, with their prices steadily rising. 

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