SHIB, XMR and APE are leading the cryptocurrency rally with 10% price increase in last hours
As top-tier cryptocurrencies like Ethereum and Bitcoin plunge, altcoins like Monero, ApeCoin, and Shiba Inu add almost 10% to their values in the past 24 hours, indicating traders and investors are choosing more options. risky, according to CoinMarketCap.
Shiba Inu on the rise
Shiba Inu showed itself as one of the strongest positions on the cryptocurrency market today after gaining around 15% to its value despite the overall conditions on the cryptocurrency market.
Previously, U.Today covered the fact that one of the largest whales on the Ethereum network suddenly bought $6 million worth of tokens, which put Shiba Inu in first place as the largest USD valued asset on WhaleStats. .
Monero on the rise
We did not expect it to see cryptocurrencies like Monero to rally during current market conditions, and demand for private digital assets remains neutral since the beginning of the year when XMR suddenly rallied.
At press time, Monero is the second fastest growing cryptocurrency in the market, up 9% in the past few hours. In the medium term, XMR has already gained more than 40% of its value, remaining one of the most profitable digital assets.
ApeCoin returns to the market
Amid a series of buying sprees on smaller altcoins, long-forgotten APE returned to the market with 10% growth in the last 24 hours. There are no fundamental reasons behind the recent price increase, so traders are most likely redistributing their funds between projects to avoid Bitcoin exposure.
Since its initial listing on cryptocurrency exchanges, APE has failed to reach the all-time high of $40 and is now trading around $12. As for trading volume, APE lost more than 95% of it in the first month of trading.
