On Saturday, October 30, the global cryptocurrency market reached $2.64 trillion after Ethereum hit new lifetime highs on Friday. During the day, Ether, the second most valuable cryptocurrency behind Bitcoin, climbed to $4,459.20, breaking the previous high of $4,379.62.
Ether’s winning streak continued on Saturday as well. It rose 0.10 percent in the last 24 hours but got still priced at $4,339.45, well behind its record highs. The cryptocurrency markets have increased, with meme coin Shiba Inu surging up to 160 percent this week.
On Saturday, Shiba Inu was priced at $0.00007392, placing it 9th on the CoinMarketCap list of the most popular cryptocurrencies. That represents a 9.22% increase in the last 24 hours, according to CoinMarketCap data. Bitcoin rose 1.20 percent to $61,607.78 in the 24 hours.
The total bitcoin market activity during the last 24 hours was $ 116.30 billion. That was down by up to 20.02 percent when compared to Friday. Overall market activity dropped on Friday, according to data. According to CoinMarketCap, the total value in Defi was $12.12 billion, accounting for 10.42 percent of the cryptocurrency industry’s total 24-hour activity.
“All digital currencies are now valued at $89.84 billion, accounting for 77.25 percent of total crypto marketplace 24-hour volume,” the business said in a statement.
Squid Game Token (SQUID) has dominated the crypto market since its creation, aside from these common cryptocurrencies. The Squid Game token is a play-to-earn token based on the popular Korean death game of the same name, which will be the subject of an online tournament in November.
SQUID, which went public on October 20, has climbed nearly 1,000% since its first public offering. It is currently worth $13.64, according to CoinMarketCap. Its market capitalization rose by 16.03 percent to $9,842,763,407 in the recent 24 hours, while volume increased by 16.03 percent.
Elonomics was the top gainer in the cryptocurrency market, rising as high as 13,430.08 percent in the last day. At the time of writing, one Elonomics token was worth $53.55. The Master Contract Token was next, with a price of $0.01865, up 5,343.92% in the last 24 hours. With a gain of 1,720.46 percent in the past day, CatzCoin, valued at $0.00006874 per token, finished in third.
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