Bitcoin above the mark, Solana and Shiba Inu show price gains

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Solana and Shiba Inu show price gains: Bitcoin was above the given psychological levels of $24,000, dropping more than one percent in the last 24 hours. Its largest peer Ethereum posted more significant cuts and was below the $1,700 level.

Solana and Shiba Inu show price gains

Solana and Shiba Inu show price gains

Solana and Shiba Inu show price gains: Bitcoin and other crypto tokens were trading in deep red on Thursday because of profit booking and negative news flow over Credit Suisse bank. Liquidity crunch is likely to be the primary concern for the riskier assets markets, particularly after the failure of Silicon Valley Bank.

After testing the $ 24,000 mark, Bitcoin was again above the given psychological levels, dropping more than one percent in the last 24 hours. However, its largest peer Ethereum posted a more significant cut and was below the $1,700 level. However, the decline in altcoin was severe.

Gainers and decliners of the day

Solana and Shiba Inu show price gains: Today’s top gainer was Stacks which soared by 75.17 percent. Others in the green zone consist of Conflux, Neo, and VeChain, up by 36.02 percent, 22.77 percent, and 10.37 percent, respectively. On the other hand, Blur and Render Token were among the top losers, decreasing by 6.03 percent and 5.72 percent, respectively.

Meme coins trade mix

Solana and Shiba Inu show price gains: On Monday, meme coins displayed mixed momentum. Elon Musk’s favorite, Dogecoin, was down by 1.04 percent to $0.08783, while its rival, another canine-based meme coin, Shiba Inu, grew by 1.55 percent to $0.00001348.

Metaverse tokens in the green

Solana and Shiba Inu show price gains: A majority of the top metaverse tokens showed price growth today. Popular passes like ApeCoin were up by 1.43 percent, Decentraland increased by 0.58 percent, Axie Infinity gained by 1.24 percent and The Sandbox rose by 4.17 percent.

Solana and Shiba Inu show price gains

Quick summary: Bitcoin is above the mark, Solana and Shiba Inu show price gains

  • Bitcoin is trading above its $24,000 threshold
  • Solana, Polkadot, Avalanche, and Uniswap witnessed price growth today
  • Today’s top gainer was Stacks while Blur and Render Token were among the decliners

Bitcoin

Solana and Shiba Inu show price gains: Bitcoin is a peer-to-peer system where transactions occur between users directly, without an intermediary. These transactions are verified by network nodes and are recorded in a publicly distributed ledger called the blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.

Besides being obtained by proof-of-work (PoW) “mining,” bitcoins can be exchanged for other currencies, products, and services. It has been reported that more than 15,000 businesses worldwide accept bitcoin as payment. As of the end of 2022, there were an estimated 300 million crypto-wallets in use.

Check Also: What Are The 10 Latest Types Of Cryptocurrency?

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