Most digital currencies are still experiencing difficulties amid noticeable sell-offs from investors of major currencies. Both Bitcoin and Ethereum have not declined in the last 24 hours, while the main Dogecoin meme coins have fallen by almost 5% over the past week, and Shiba Inu has fallen by 10% over the same period
Recently, there has been a state of stupor in the digital currency community due to the spread of the "currency fever of jokes" in the market after the stunning successes achieved by the pepe pepe currency, reaching a price increase of 10,000%
Amid the race of investors in search of the next investment opportunities, the interest of the crypto community increased after the nascent meme currency SpongeBob recorded an instant growth of more than 150% immediately after its launch
By the end of April, the significant profits made by the two leaders of the cryptocurrency market - bitcoin and Ethereum, were reflected in the cryptocurrency market, followed by a number of alternative digital currencies, and then memes that doubled profits
This is clearly seen in the sharp growth of the pepe pepe digital currency by more than 580% and its counterpart Wojak, which achieved an increase of more than 870%
However, traders who have not been able to take advantage of these aforementioned imaginary benefits have no reason to lose hope, that's not all
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The total market capitalization of the crypto market at these moments of today's transactions amounted to about $ 1.15 trillion. The trading volume was about $37.22 billion
Bitcoin has fallen by as much as 3.3% in the last 24 hours and is now reaching the level of $27,883, while recording weekly losses of 2.6%. Its market capitalization has now reached $539 billion
Ethereum, the largest digital currency by market capitalization after bitcoin, has fallen by about 2.8% in the last 24 hours, reaching $1,852, with a weekly increase of 0.1% and a market value of about $ 222 billion
At the same time, the price of Binance Coin fell by 2.3% to $ 316.4. The price of the Ripple XRP currency fell by 5.2% of its value to $0.4330
Cardano showed a drop to 0.3678, down 3.15%, with a weekly decline of 6%
While Dogecoin has now fallen by 3%, reaching the level of $ 0.07467, with a weekly decline of 5.4%