On November 30, the cryptocurrency market showcased a mixed trend in price movements. While Bitcoin (BTC) $96,304, Ethereum (ETH) $3,658, and Solana $242 (SOL) continued to trade within tight ranges, XRP emerged as the fastest rising cryptocurrency with a 17% increase over the last 24 hours. The ENS token also attracted attention with an impressive 27% rise, marking itself as the top-performing asset.
Overall Market Status
The global cryptocurrency market capitalization increased by 1% in the last 24 hours, reaching $3.38 trillion. Total trading volume also saw an 11% rise, standing at $170 billion. The Fear and Greed Index is currently at 82/100, indicating extreme greed in market sentiment.
Bitcoin continues to trade within the range of $95,614 to $98,693. Ethereum is maintaining a stable performance between $3,538 and $3,648. Solana remains steady in the $237 to $246 range, while XRP reached $1.78 with a 17% increase, climbing to fifth place in market capitalization.
Key Developments
The ENS token has gained significant attention with a 27% increase in value over the past 24 hours. Arthur Hayes, co-founder of BitMEX, has boosted market confidence through his accumulation of ENS tokens. Meanwhile, Ripple $2 Labs plans to launch the local stablecoin RLUSD on the XRP Ledger.
In the meme coin sector, Dogecoin $0.422934 saw a 3% rise, trading at $0.4195, while Shiba Inu remained stable at $0.00002581. Other meme coins like PEPE, BONK, and WIF also exhibited minor increases.
Overall, a stable trend is being observed in the cryptocurrency market. While major cryptocurrencies are trading within narrow ranges, assets like XRP and ENS are showing robust performances that attract investor interest. Despite signals of extreme greed in market sentiment, the rise in some altcoins offers potential opportunities.