The cryptocurrency market displayed mixed performance today, with meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) making significant gains, while several other major tokens, including XRP and ADA, struggled with slight downturns.

Top Performers of the Day

Shiba Inu (SHIB) continues its bullish trend, surging 7.89% over the past 24 hours. SHIB’s momentum has been strong, with an impressive 45.42% increase over the week. Dogecoin (DOGE) also made strides, rising 2.72% in the last day and climbing 19.59% throughout the week.

Another standout performer is Uniswap (UNI), which recorded a 4.51% gain in the past day. Other coins like Avalanche (AVAX) and Toncoin (TONC) saw increases of 2.24% and 2.95% respectively.

Bitcoin and Ethereum Hold Steady

The market’s largest cryptocurrency, Bitcoin (BTC), saw a modest 1.13% rise, reaching a price of $65,933.59. Over the past week, BTC is up 4.92%, maintaining its dominant position in the market. Ethereum (ETH) performed slightly better, gaining 1.72% in the last 24 hours, pushing its price to $2,688.43. ETH’s weekly gain of 6.00% reflects a steady, positive sentiment among investors.

Notable Declines

Not all tokens experienced upward momentum. Cardano (ADA) struggled, dropping 2.64% in the last day, though it still holds a 13.75% weekly gain. XRP dipped by 0.11%, showing only minor losses. The largest decline among the top 20 was seen in NEAR Protocol (NEAR), which fell 3.23% over the past day, though its weekly performance is still strong at 27.27%.

Overall Market Sentiment

Despite some minor losses, the overall market sentiment remains bullish. Major tokens like Bitcoin (BTC) and Binance Coin (BNB) exhibit strong positive momentum, with 86% and 87% bullish trend signals, respectively. LEO leads the trend strength chart with an impressive 96% confidence among investors.

Market Metrics

Total Market Cap: $2.32 trillion (+1.20% daily)

24-Hour Trading Volume: $76.56 billion (-12.05% daily)

Bitcoin Dominance: 56.18% (-0.04%)

Outlook and Analysis

As we head into the next quarter, analysts predict continued volatility, especially among altcoins like DOGE and SHIB, which have seen rapid growth. However, there are warnings of potential corrections in assets that are approaching overbought territory. Traders are advised to stay cautious, closely monitoring both regulatory developments and broader macroeconomic factors.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice.