news.bitcoin.com
On Monday, the crypto economy nudged upward by 1.46% over the last 24 hours, reaching a hefty $3.35 trillion. While bitcoin (BTC) and ether (ETH) maintained their usual pace, a few standout digital assets stole the limelight. Among the frontrunners were ELF, SAND, GLM, ENS, and LDO, each carving out its moment in the crypto market buzz.
From Meme Coins to Metaverse: Crypto Market Climbs $3.35T Amid Altcoin Frenzy
Bitcoin (BTC) added a modest 0.39% to its value, while ethereum (ETH) flexed with an impressive 6.5% jump during the same timeframe. Dominating the $3.35 trillion market, BTC commands a 57.7% share, with ETH holding a solid 12.5%. A big chunk of the day’s 1.46% rise can be attributed to alternative assets like aelf (ELF), which made waves with a jaw-dropping 60.69% single-day leap, pricing each coin at $0.676.
The metaverse token sandbox (SAND) enjoyed a 31.71% rally, trading at $ 0.727 per unit. Golem (GLM) wasn’t far behind, climbing 25.05% to $ 0.468, while ethereum name service (ENS) saw its value swell 23.90%, hitting $24.03.
Meme coins also joined the festivities, with the top five by market cap basking in gains on Monday. Among the meme coin champions were dasha (VVAIFU), which soared 87.4% today, and lucky coin (LKY), boasting a 46.3% boost.
AI-related tokens got their fair share of love too, kicking off the week with double-digit gains. Coins like TAI, GRASS, AGX, AITECH, and BLENDR surged between 26.72% and 47.46%. Within the top ten tokens by market cap, ETH and AVAX led the pack, climbing 6.5% to 12%, respectively. Smart contract tokens like SCRT, MODE, and KDA also enjoyed a stellar day, gaining between 32.4% and 39.7% against the U.S. dollar.
The week kicked off with some tokens stumbling out of the gate. XDC slipped by 3.59%, OM dipped by 1.54%, and XLM edged down by 0.75%. As the crypto market stirs with dynamic shifts, it’s clear that opportunities and pitfalls coexist in this ever-evolving space. With some tokens stealing the show and others faltering, traders are reminded of the unpredictable rhythm driving this $3.35 trillion economy. Adaptability and vigilance remain key, as market participants navigate the week’s trends with optimism and caution alike.