Developments in cryptocurrencies continue to unfold rapidly. Yesterday, for the first time in history, BTC surpassed $73,000 before experiencing a pullback, but later the price recovered. On the other hand, as the Ethereum network’s Denison Upgrade approaches, what’s happening in the world of cryptocurrencies?
Current State of Altcoins
Price movements in Bitcoin have reflected on altcoins. In the last 24 hours, the overall outlook of cryptocurrencies has started to shift towards the positive.
In the world of cryptocurrencies, Chiliz continues to exhibit a positive outlook due to its partnerships in the sports sector. Examining the price performance of Chiliz (CHZ), it appears to follow Bitcoin’s lead and is on the rise. As of the time of writing, CHZ’s price has increased by 4% and is trading at $0.1621.
During this period, CHZ’s market capitalization has risen due to the price increase, surpassing $1.4 billion. However, CHZ’s 24-hour trading volume has decreased. There has been a 37% drop in the last 24 hours, amounting to $127 million. This decline could be interpreted as a waning interest from investors.
CEEKVR had been making headlines in the recent period. The positive trend associated with Bitcoin continues for CEEK. Following a 4.61% increase in the last 24 hours, CEEK is trading at $0.1045. Interest in CEEK has also increased during this time.
Are Meme Coins Making a Comeback?
In recent weeks, the focus in the cryptocurrency world has been on meme coins. PEPE has greatly benefited from this trend. Following a recent decline, PEPE today saw an 8.76% increase to a trading level of $0.000009004.
PEPE’s trading volume has seen an increase of over 8% during this period, reaching $3.7 billion. PEPE also experienced a noticeable rise in its 24-hour trading volume today. The trading volume of PEPE increased by 42% and is now over $1.68 billion.
Additionally, it’s worth noting that PEPE is only about 9% away from its all-time high (ATH) reached four days ago, which could be beneficial information for investors.
Lastly, things also seem to be going well for APE. APE’s price rose by 13.5% in the last 24 hours, reaching $2.54.
APE’s market capitalization increased by 13.85% during this time, surpassing $1.5 billion, which elevated it to the 76th position in the market ranking. Its 24-hour trading volume also saw an 87% increase, amounting to $246 million.
