The global cryptocurrency market cap has experienced a slight dip of 0.66% within the past 24 hours, according to CoinMarketCap. As a result, the total cryptocurrency market cap is currently estimated to be around $1.26 trillion. However, there has been a recent increase in the total crypto market trading volume by 6.33%, bringing the total volume to approximately $43.63 billion.
Over the past day, several cryptocurrencies have seen notable trading activity, including Arbitrum (ARB), Rocket Pool (RPL), Avalanche (AVAX), Solana (SOL), Injective (INJ), Stargate Finance (STG), Dogecoin (DOGE), Audius (AUDIO), Solar (SXP), and Litecoin (LTC).
At press time, ARB’s price stands at $1.7847 after experiencing a 24-hour gain of 8.71%. The altcoin has also shown strength against market leaders Bitcoin (BTC) and Ethereum (ETH) by 10.39% and 9.36%, respectively. ARB’s trading volume in the last 24 hours is estimated to be around $1,098,450,122, which is a 2.59% increase in ARB’s daily trading volume. Furthermore, ARB’s price is currently trading at its 24-hour high, with its daily low sitting at $1.60.
On the other hand, RPL was not able to print a 24-hour gain and is currently down 11.56%. As a result, RPL’s price stands at $55.67 at press time. In addition to weakening against the U.S. Dollar, RPL also weakened against BTC and ETH by 10.33% and 11.29%, respectively. RPL’s trading volume has fallen 19.05% over the last 24 hours. Nevertheless, the altcoin’s daily trading volume still stands at $42,714,573 at press time. The crypto is also trading near its 24-hour low of $52.21, with its daily high standing at $61.06.
AVAX’s price was also able to rise over the last 24 hours. Currently, the altcoin is trading at $21.41 after experiencing a 24-hour gain of 1.24%. AVAX’s daily trading volume is slightly up by 1.25% in the last 24 hours as well, taking the total 24-hour trading volume to $410,791,383. AVAX also strengthened against BTC and ETH by 2.62% and 1.54%, respectively. As a result, 1 AVAX is worth approximately 0.0007158 BTC and 0.01011 ETH. AVAX is also trading just below its 24-hour high of $21.20 at press time.
SOL’s daily trading volume has dropped significantly over the last 24 hours. Currently, the daily trading volume for SOL is estimated to be $591,618,958, which is a 14.78% decrease over the last 24 hours. The majority of SOL’s trading volume in the last 24 hours took place on centralized exchanges, with approximately $591,266,647 worth of SOL being traded on centralized exchanges. Furthermore, SOL is trading between its 24-hour low of $24.10 and its daily high of $25.52 at press time.
INJ’s trading volume over the last 24 hours has increased by an astonishing 23.98%. This takes the total daily trading volume for the altcoin to $254,893,668 at press time. It seems that there was more sell volume than buy volume for INJ over the past day, given that INJ’s price is down 0.91% to trade at $9.253 at press time. INJ was able to strengthen against the leading crypto, Bitcoin (BTC), by 0.18%. Unfortunately, it weakened against the leading altcoin Ethereum (ETH) by 0.76% over the same time period. INJ’s price is currently trading near its 24-hour low of $8.86.
STG’s trading volume has also surged in the last 24 hours. According to CoinMarketCap, the daily trading volume for STG is around $50,001,805 at press time, which is an impressive 42.47% increase in STG’s 24-hour trading volume. STG is currently trading at $0.8905 at press time after experiencing a price drop of 3.79% over the last 24 hours. The altcoin also weakened against BTC and ETH by 2.61% and 3.53%. The altcoin’s price also set a 24-hour low of $0.8868 and a daily high of $0.9662.
Dogecoin (DOGE), the largest altcoin in terms of market cap, experienced a surge in its 24-hour trading volume over the last 24 hours. At press time, the daily trading volume for DOGE is estimated to be around $1,428,950,975, which is a whopping 142.81% increase in the altcoin’s trading volume. This trading volume has had a positive impact on DOGE’s price as the meme coin’s price is up 3.97% over the last 24 hours. DOGE’s price has also strengthened against BTC and ETH by 4.76% and 3.7%, respectively. As a result, DOGE’s price stands at $0.09285 at press time.
AUDIO’s trading volume dropped a reasonable amount over the last 24 hours. At press time, the daily trading volume for AUDIO is estimated to be around $157,761,358, which is a 31.12% drop in the altcoin’s total daily trading volume. As a result of the recent trading volume, AUDIO’s price currently stands at $0.3704, which is a 1.80% drop over the last 24 hours. Furthermore, AUDIO weakened against BTC and ETH by 1.06% and 2.09%, respectively, over the last 24 hours.
SXP’s daily trading volume dropped 36.31% over the last 24 hours. As a result, SXP’s total daily trading volume stands at around $53,874,601 at press time. This trading volume has negatively impacted the altcoin’s price, as SXP’s price is currently down 1.38% and trading at $0.6415 at press time. Furthermore, SXP is down 0.64% against BTC and 1.75% against ETH. As a result, 1 SXP is currently worth 0.00002148 BTC and 0.0003032 ETH. The altcoin is, however, trading close to its 24-hour high of $0.6419, which suggests that SXP’s recent drop in price may be nothing more than a retracement from traders taking profit.
Despite LTC’s 24-hour trading volume dropping during the same time period, the price of LTC was able to rise 3.40% over the last 24 hours. Currently, LTC is trading at $101.86 after a 3.41% gain.
