Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Stellar tops the gainers list with an 18% increase; suggests rebranding and focus on RWA.
- Total crypto market volume declines by 42% in 24 hours.
The overall cryptocurrency market is currently characterized by significant volatility, with the global crypto market capitalization at $1.04 trillion, reflecting a minor increase of 0.26% over the past day. The total crypto market volume in the last 24 hours has seen a considerable drop of 41.47%, amounting to $16.89 billion, as reported by CoinMarketCap.
Importantly, the total volume in DeFi stands at $1.78 billion, making up 10.51% of the total crypto market volume for the past 24 hours. Additionally, the volume of all stablecoins has reached $15.74 billion, accounting for 93.20% of the total crypto market volume in the same timeframe. Bitcoin’s dominance is currently at 48.29%, reflecting a decrease of 0.10% over the day.
Amidst this environment, it has become increasingly uncommon to see cryptocurrency charts displaying green and experiencing notable increases. However, there are some encouraging indicators among today’s leading gainers.
Stellar (XLM)
Stellar has consistently led the gainers chart for more than a week. After facing a bearish month with a 7% drop, it has begun to show signs of recovery over the past seven days, achieving a significant 18% increase and an additional 8% rise in just 24 hours. This price increase follows a somewhat enigmatic announcement from the Stellar organization on social media. While it lacks specific details, the announcement suggested something noteworthy is set to occur on September 12, using phrases like “something cool is dropping” and “change” is on the way.
Related Posts
Additionally, the trading volume for XLM has risen by 19% in the last 24 hours, and an analysis of its daily chart indicates a bullish sentiment, with the RSI at 58, suggesting a neutral outlook.
Kucoin Token (KCS)
In contrast, Kucoin Token has experienced a challenging bearish month, with a 26% decline over the past 30 days. The coin hit a one-year low of $3.82 at the beginning of September. However, this week has brought a notable recovery, with a 6% increase and an additional 4% rise in just 24 hours. Nonetheless, the trading volume for Kucoin has fallen by 19% in the past 24 hours, and it remains 86% below its all-time high reached two years ago. The daily chart analysis for Kucoin Token reflects a bearish sentiment. It is currently trading at $4.160.
Arweave (AR)
Arweave exhibits a similar trend to the two previously mentioned cryptocurrencies, having also faced a bearish month with a 17% decline. It has experienced a slight recovery in the past week, with a current increase of 4% in the last 24 hours, and its price fluctuating between $4.18 and $4.30. However, the trading volume for Arweave has significantly decreased by 49%, resting at $2,675,105. The daily chart indicates a struggle between bears and bulls, with the RSI at 43, suggesting it is approaching an oversold condition.
Highlighted News Today
U.S. SEC Issues 20-Page Reply in XRP Lawsuit Appeal
