According to CoinGecko statistics, a few of the most popular meme currencies have scaled down their gains as they struggle to keep up their pace.
As of this writing, Dogecoin (DOGE), which has gained more than 1.5% in the last day, is the only significant cryptocurrency in the red.
Shiba Inu (SHIB), which has down 3% in the last day, is likewise in the red.
The Solana-based startup Dogwifhat is down more than 3% even though it had earlier shown a double-digit rise.
With a loss of almost 8%, Bonk, a cryptocurrency headquartered in Solana, is the least successful of the top cryptocurrencies.
Greed returns to market
https://x.com/BitcoinFear/status/1786908703846989845
The “Fear and Greed” indicator indicates that greed is once again driving the market.
This optimism, meanwhile, could be overdone given that Bitcoin is still having difficulty breaking over $64,000.
The notable change in opinion occurs after the top cryptocurrency gave in to “fear” after plunging sharply below $56,000 last week.
Top performers
While Bitcoin is consolidating, other prominent cryptocurrencies are finding it difficult to record substantial increases.
Still, there are a few anomalies. Avalanche (AVAX) and Monero (XM) are both up by over 3%.
Despite being identified in the current class action lawsuit against Coinbase as unregistered securities, Algorand (ALDO) and NEAR Protocol (NEAR) are both doing well.
