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- The total crypto market volume rises 16% in 24H.
- RPL increases by 12% in the past 24H.
In the prevailing bear market environment, where negative trends are prevalent, it is uncommon to see a shift towards positive performance. The global crypto market capitalization currently stands at $1.04 trillion, reflecting a slight 0.06% decline over the previous day. Despite this overall downturn, there is a noteworthy increase in the total crypto market volume, which has risen by a substantial 16.32% in the last 24 hours, reaching $22.29 billion. Bitcoin’s dominance has seen a minor decrease of 0.05% within the day, now at 48.33%. Particularly interesting is the fact that a select number of cryptocurrencies have achieved significant double-digit gains, countering the downward trend established by Bitcoin, Ethereum, and most altcoins.
Stellar (XLM)
XLM has recorded an 8% increase over the last 24 hours. Following a month marked by high volatility that included a 13% drop, it is now showing signs of recovery, with a 3% rise in the past week. Currently valued at $0.123, XLM remains 86.91% below its all-time high reached six years ago. Notably, trading volume has seen an impressive 173% increase, and market capitalization has grown by 7.10% in the last 24 hours. Reviewing its daily price chart, it is clear that bullish sentiment is present, with the RSI at 48, suggesting it is nearing an oversold condition. Sources indicate that Stellar has hinted at “something cool” to be unveiled within 10 days from September 2, generating excitement within the Stellar community, which may be contributing to this increase.
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Synthetix (SNX)
SNX, the native token of the decentralized liquidity platform Synthetix, saw a notable 11.32% rise on Monday, coinciding with significant outflows from the leading digital asset exchange, Binance. Over the past 24 hours, trading volume has surged by over 250% to reach $96 million, as reported by CoinMarketCap. Importantly, a newly-created wallet withdrew $7.7 million worth of SNX tokens from Binance, which also triggered a 17.5% increase in livepeer tokens (LPT), amounting to $3.9 million. The market capitalization of SNX has increased by 11.43% in the last 24 hours. Analyzing its daily price chart, it is evident that bullish forces are strong, with the RSI at 52, indicating a neutral market sentiment.
Rocket Pool (RPL)
Today’s leading gainer in the crypto market is Rocket Pool, with an impressive 12% increase. After a bearish month that saw a 15% decline and relatively stable chart patterns in recent weeks, RPL has finally turned positive today. The trading volume experienced a significant increase of 278% in the past 24 hours, reaching $105 billion. RPL’s current price is $2.22, still 92.32% below its all-time high. Examining its daily chart, it is clear that bullish momentum has returned after a month-long period, with the RSI at 46, indicating it is nearing oversold conditions.
In conclusion, while the broader crypto market may be encountering difficulties, certain cryptocurrencies such as Stellar (XLM), Synthetix (SNX), and Rocket Pool (RPL) have demonstrated notable resilience and significant increases, influenced by various factors and market dynamics.
