The crypto market has made an unexpected mid-week comeback. Most of the top 10 cryptocurrencies have earned back some of their lost value.
Bitcoin is leading the pack with an example, earning 4.15% value in the past 24 hours. Ethereum and Solana are also supporting the market leader with their growth. At the same time, a couple of SOL-based meme coins have garnered attention in the market after a 2-day-long slump.
Let’s look at the daily crypto update to get a better overview of the market.
Bitcoin (BTC)
As expected, BTC sets the market trend for the crypto domain. The biggest crypto in the market has regained 4.15% value in the past 24 hours. It is about to hit the 67k-dollar mark after dropping to 64,000 dollars a few hours ago.
While there have been no outstanding updates surrounding Bitcoin, the coin has made some prior collaborations that paid off recently. However, market forces were definitely the primary reason behind the resurgence.
Ethereum (ETH)
The second-largest crypto in the market also followed BTC’s footsteps. After almost touching the 3,100-dollar mark, ETH gained 2.15% value in the past 24 hours.
Now, the coin is trading at 3,259 dollars and is eyeing the 3,400-dollar mark again. In related news, the US spot Ethereum ETFs witnessed a staggering 152 million dollars in net outflows.
Producing such outflows on only the third day of the ETFs is considerable, and it draws conventional traders’ attention to Ethereum.
Solana (SOL)
Besides BTC and ETH, SOL captured everyone’s attention. The coin returned to its 3.25% value in the past 24 hours, bringing its 7-day growth to 9.65%.
SOL coin has passed the $175 mark and is now at $176.73. Now that the bulls have taken control of the coin, as based on Solana’s outlook, SOL/USD targets a new monthly high. The surging number of SOL-based memecoins is also helping Solana’s case if only a little.
Solympics
The Solana-based meme coin managed to register a 26.03% growth in the past 24 hours. SOLYMPICS’ 7-day growth sits at a whopping 252.73%, attracting new and short-term traders.
The coin is currently trading at 0.0002458 dollars with a reported market cap of 2.09 million dollars. Solympics is expected to remain among the most sought-after meme coins in the market for an extended period of time as a result of its recent emergence.
Cat in a Dogs World (MEW)
MEW, or Cat in a Dogs World, is another SOL-based meme coin. The meme token represents cats in a primarily dog-dominant meme coin domain.
In the past 24 hours, MEW has gained 6.12% value, while its 7-day growth is at 98.17%. At a market price of 0.00771 dollars, MEW is in the same boat as the Solympics. Both meme coins are currently outperforming established meme tokens like DOGE and SHIB.
However, their longevity is still in question when competing with the likes of DOGE and SHIB.
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