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COINTURK NEWS > Altcoin News > Cryptocurrency Market Experiences Significant Movements
Altcoin News

Cryptocurrency Market Experiences Significant Movements

In Brief

  • Cryptocurrencies experienced a decline starting in late July, peaking on August 5.

  • Bitcoin's price climbed back to $65,000, with altcoins showing noticeable recovery.

  • POPCAT, FET, and SATS were among the top-performing altcoins in the past week.

COINTURK NEWS
COINTURK NEWS 9 months ago
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A decline in cryptocurrencies began in the last week of July and peaked on August 5. The major crisis in Japan’s economy and geopolitical events in the Middle East significantly influenced this situation. While this had a substantial impact on Bitcoin, altcoins were also clearly affected. After 20 days, Bitcoin’s price climbed back to $65,000, and altcoins showed noticeable recovery. Let’s look at the top-performing altcoins in the past 7 days.

Contents
Popcat (POPCAT) Tops the ChartFET Price Raises QuestionsSATS (1000SATS) Gains Momentum Again

Popcat (POPCAT) Tops the Chart

Solana network has introduced many new meme coins in the past year. The latest star of the SOL network, known as the biggest rival and even the killer of Ethereum, is POPCAT. The recent surge has taken POPCAT into the top 100 cryptocurrencies.

POPCAT price dropped by 4.88% in the last 24 hours but increased by 69.45% in the past 7 days, reaching $0.7181.

Despite the recent drop, POPCAT’s market cap stands at $703 million, ranking it 87th. Additionally, its trading volume fell by 65%, reaching $95 million. As of the writing time, POPCAT ranked 8th among meme coins, just above another Solana meme coin, BOME.

FET Price Raises Questions

Formerly known as Fatch.ai, and rebranded as Artificial Superintelligence Alliance, FET remains 4th among AI tokens. The 43.12% rise in the past 7 days significantly contributed to this position.

Despite the weekly rise, FET’s price dropped by 4.80% in the last 24 hours, interpreted as investors taking profits, settling at $1.20. With a market cap of $3 billion, FET ranks 29th on CoinMarketCap, and its 24-hour trading volume is $193.4 million.

SATS (1000SATS) Gains Momentum Again

Lastly, SATS (1000SATS), created in honor of Satoshi and a leading project on the Bitcoin network, was among the week’s winners. SATS price increased by 38.98% in the past 7 days, reaching $0.0003952.

Despite frequent mentions throughout the week, SATS experienced a 1.19% drop in the last 24 hours. SATS’s market cap rose to $829 million, with a trading volume of $176.6 million. Whether the rise in SATS will continue or if investors will sell for profit remains to be seen in the coming days.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 25 August, 2024 - 3:04 pm 25 August, 2024 - 3:04 pm
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