Today’s crypto movers: Bitcoin (↓4.70%), Ethereum (↓6.27%), ApeCoin (↓9.75%%), Waves (↑45.04%)
Bitcoin's flat, but Shiba Inu's all that.
A busier day for the crypto market saw a climb in volume and some price gains - plus yet more market activity spurred by Elon Musk.
The overall crypto market saw prices change by 5.34% in the last 24 hours (according to Finder's crypto weather report, which tracks the top 200 coins.)
Trading volume over the last 24 hours was 31% higher than the recent 7-day average, suggesting some market nervousness is easing. Price volatility across the top 200 was 1.58%,.
The two biggest coins: Bitcoin and Ethereum
Bitcoin is the biggest coin by market cap and its price dropped by 4.70%.
Bitcoin now represents 42.63% of the overall market cap of the 200 biggest coins.
The second most valuable crypto, Ethereum, saw its price change by -6.29%.
Ethereum's market cap is 34.66% of Bitcoin's total value.
Today's biggest gainers and fallers
Shiba Inu (SHIB) is a meme coin which likes to describe itself as the "Dogecoin killer". Despite that, its rise owes a debt of thanks to Dogecoin. Tesla head Elon Musk made yet another comment supporting Dogecoin, sending its price surging too. Shiba Inu's close correlation with Dogecoin saw it gain as well.
Zilliqa (ZIL) is a public blockchain which uses "sharding" to split the network into smaller parts, making it easier to scale. It's price climb follows a tweet from Zilliqa showcasing footage from its low poly shooter.
There was no obvious news trigger for Waves' gains.
ApeCoin (APE) is a coin based off the best-known NFT platform, Yuga Labs' Bored Ape Yacht Club (BAYC). The drop followed the announcement of a new round of NFTs from veteran rock publication Rolling Stone that can only be purchased with ApeCoin.
Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.