DOGE, XRP Surprisingly Outperformed All Cryptos

Unexpected Gains in Crypto Markets: Veteran Coins Outperforming Meme Coins

Despite the recent market slowdown, veteran cryptocurrencies are defying expectations with notable gains.

Top Gainers

• Dogecoin (DOGE): The original meme coin leads the way with a 3.7% increase in market capitalization in the past 24 hours, surpassing $23 billion.
• XRP: This long-established altcoin gained 1.7%, aiming for a $30 billion market cap.
• Monero (XMR): The privacy-oriented cryptocurrency added 1% and is approaching a $3 billion capitalization level.

Meme Coin Struggles

In contrast to the veteran coins' performance, popular meme coins like Popcat (POPCAT) have faced losses. Popcat dropped 11.7%, losing its place among the top 50 cryptocurrencies. Other meme coins, such as Floki (FLOKI), Pepe (PEPE), and Based Brett (BRETT), have also seen declines.

Additional Highlights

• Bitcoin (BTC): Despite a 1.2% drop in the market benchmark, BTC has maintained a level around $70,000.
• Liquidations: Over $228 million in long positions were liquidated as Bitcoin failed to sustain its momentum.
• Fear and Greed Index: The market sentiment has shifted, with the Fear and Greed Index reaching its lowest point in 10 days, indicating a mix of fear and greed.