While the overall cryptocurrency market is struggling to regain its bullish stance, XRP meme coin PHNIX has pumped more than 50%.
In the last 24 hours, while Bitcoin (Bitcoin) and Ethereum (Ethereum) has shown clear signs of struggling to regain a bullish stance, and a few less popular coins have pumped double digits.
One of the biggest gainers, according to CoinGecko's list, is Phoenix (PHNIX). PHNIX is XRP (XRP) Meme Coin pumped from a 24-hour range of $0.00004662 to $0.0000698.
Cryptocurrency analyst Gordon recently tweeted that coins on the XRP chain are exploding. He particularly noted that PHNIX printed a huge divine candle a week after the consolidation. Gordon also highlighted that he looks ready for his next rise.
The second coin with a pump of about 70% is Unicorn Fart Dust (UFD). The UFD price has risen nearly 100% in the past seven days and is trading at $0.2274 at press time.
The meme coin was launched by a 56-year-old YouTuber named Basement Ron, who makes videos about gold, silver, and now UFD. While the exact reason for the price hike is unclear, the coin has also secured partnerships with companies like MoonPay.
When we narrow it down to the top gainers among the top 300 coins by market cap, the Theta Network (theta) rose nearly 14% from a 24-hour low of $0.06857 to a high of $0.09682 before falling to its current price of $0.07854.
According to CoinMarketCap data, the global cryptocurrency market cap is $3.33 trillion, with a 1% increase in the past 24 hours. Alternative data It also shows that the Cryptocurrency Fear and Greed Index now stands at 62, indicating greed. Greed usually indicates that the market is on its way to a correction.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
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