Will Crypto Recover? HBAR, Pepe Coin Gain, BONE Sees Drop

The cryptocurrency landscape presents a diverse picture today, with Bitcoin and various altcoins experiencing varying trends. The main market question that remains unanswered is, “Will crypto recover?’. While Bitcoin and some altcoins showcase a bullish surge, other prominent altcoins are grappling with price drops. The latest data reveals that Bitcoin stands at $29,384.49, showing modest gains within the last 24 hours. In contrast, Ethereum’s price dipped slightly by 0.03% to reach $1,848.07.

In the realm of major cryptocurrencies, XRP’s value saw a decrease of 0.39%, whereas Solana faced a more pronounced drop of 1.21%. On a positive note, Polygon (MATIC) managed to achieve a gain of 0.24%. In contrast, the price of Polkadot coin registered a decline of 0.63%.

In the realm of meme cryptocurrencies, the past 24 hours brought a reduction of 1.61% for Dogecoin’s price, while the Shiba Inu token’s value experienced a slightly steeper decrease of 1.10%.

The current state of the next crypto bull run is predominantly bullish, though some exceptions exist. The global crypto market cap stands at $1.17 trillion USD, with a 48.28% increase in the 24-hour crypto market volume, which currently sits at $23.83 billion.

Top Performers Today:

1. HBAR Token Price Up by 14%: HBAR token’s value has surged by over 15% in the past 24 hours, reaching $0.06401. With a market cap of $2.1 billion, HBAR’s market position has been bolstered by network improvements and strategic partnerships. Recent collaborations, such as Hyundai and KIA’s launch of a Supplier co2 Emission Monitoring System (SCEMS) on the Hedera network, have contributed to HBAR’s positive momentum.
2. PEPE Coin Crypto Price Up by 6.24%: PEPE coin’s value surged by more than 6% in the last 24 hours, reaching $0.00000142. Boasting a market cap of $557.6 million, PEPE’s price successfully overcame a significant resistance level at $0.00000135. The coin’s impressive performance in 2023 is attributed to various factors, including the involvement of whales and its status as a top-performing meme coin.
3. BONE Price Down by 2.72%: ShibaSwap BONE’s value experienced a decline of over 2% in the last 24 hours, bringing its price to $1.53. Despite ShibaSwap’s declaration to release reserves of the Bone ShibaSwap (BONE) native token and the introduction of the Shibarium layer 2 scaling solution, BONE’s value faced a drop.
4. Aptos Token Price Down by 1.70%: Aptos (APT) coin’s value declined by over 1.70% in the past 24 hours, reaching $7.09. This minor dip follows the significant gains the token witnessed after its partnership with Microsoft. The collaboration, which enables Microsoft to host validator nodes on Azure, contributes to the security of the Aptos Network.

Crypto Chart Patterns: Will Crypto Recover?

• Bitcoin (BTC): Valued at $29,377.94, down by 0.03%, with a 24-hour trading volume of $9.9 billion.
• Ethereum (ETH): Priced at $1,846.99, down by 0.05%, with a 24-hour trading volume of $3.7 billion.
• Tether (USDT): Priced at $0.9987, up by 0.06%, with a 24-hour trading volume of $17 billion.

Altcoin Movement:

• Solana (SOL): Valued at $24.40, down by 1.29%, with a 24-hour trading volume of $278 million.
• Avalanche (AVAX): Traded at $12.34, up by 0.03%, with a 24-hour trading volume of $87 million.
• Cardano (ADA): Valued at $0.2902, down by 0.09%, with a 24-hour trading volume of $147 million.

Meme Coins:

• Dogecoin (DOGE): Valued at $0.07489, down by 1.87% in the past 24 hours.
• Shiba Inu (SHIB): Priced at $0.00001033, down by 2.83%.

Decentralized Finance:

• DeFi Coin: Traded at $0.0006063, down by 0.91%.
• YearnFinance (YFI): Valued at $6,302.98, up by 0.65%, with a 24-hour trading volume of $18 million.