Top ten tokens, also known as blue chips, are witnessing gains within the 2-5 per cent range, with exceptions like Dogecoin logging a 6 per cent rise
Cryptocurrencies are in the green today, after yesterday’s and today’s governmental blows.
Bitcoin, the leading cryptocurrency in the market, almost erased yesterday’s declines, and is seeing a 3.7 per cent rise on the day, trading at $27,055. On the week, though, the asset is nearly 3 per cent lower, with its market cap marginally higher than $520bln.
The second biggest currency in terms of market cap, Ethereum, has seen a similar performance. It is 3.6 per cent higher during the past twenty-four hours, presently standing at $1,874, as per Coingecko. The token has remained out of the Security and Exchange Commission’s (SEC) list of securities, with a healthy market capitalization of more than $225bln.
Other cryptocurrencies have seen similar price action, with most major and minor altcoins in the green. This comes in spite of the Security and Exchange Commission’s crackdown on what it regards to be unregulated securities.
Top ten tokens, also known as blue chips, are witnessing gains within the 2-5 per cent range, with exceptions like Dogecoin logging a 6 per cent rise, as it ranks ninth on Coingecko.
In spite of its parent firm presently under pressure from the Security and Exchange Commission, Binance Coin (BNB) was also in the green, with a 2.7 per cent rise, trading at $282.09. Its seven-day performance is fraught, reaching a high of $312 on May 30th, and a low of $274 yesterday, recording a 9.7 per cent decline on the week.
Among the leading winners in the top 100, logging double-digit gains, were Lido DAO (LDO) climbing an impressive 12 per cent on the day, presently changing hands at $2.38; PepeCoin (PEPE) is trading at $0.00000119, with a 16 per cent rise; and Optimism (OP) has risen 11 per cent, with the asset being bought and sold for $1.50.
There are very few losers today. Polygon (MATIC), included in the Security and Exchange Commission’s list, and Tron (TRX), ranked 11 and 12 respectively as per Coingecko’s readings, and have shed 2 per cent and held about even, respectively.
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