Check out the crypto price today, in-depth analysis of top cryptocurrencies
Cryptocurrency prices have been a subject of fascination and speculation since the inception of Bitcoin in 2009. Today, the crypto market is a dynamic and volatile space, influenced by various factors ranging from technological advancements to regulatory developments.
On July 11, 2024, the market witnessed significant movements across several major cryptocurrencies. This article analyzes the top 10 cryptocurrencies by market cap, examining their prices, market performance, and sector classifications.
1. Bitcoin (BTC)
Price: US$57,848.45
24h % Change: -2.36%
Volume (24h): US$24.74B
Market Cap: US$1.14T
Sector: Currency
Last 7 days: Bitcoin continues to dominate the market as the leading cryptocurrency. Despite a slight drop of 2.36% in the last 24 hours, Bitcoin maintains its stronghold with a market cap surpassing US$1 trillion.
2. Ethereum (ETH)
Price: US$3,089.36
24h % Change: -0.84%
Volume (24h): US$14.71B
Market Cap: US$371.36B
Sector: Smart Contract Platform
Last 7 days: Ethereum, the second-largest cryptocurrency, showed resilience with a minor decrease of 0.84%. It continues to be a crucial player in the smart contract platform sector.
3. BNB (BNB)
Price: US$526.41
24h % Change: 0.32%
Volume (24h): US$881.63M
Market Cap: US$80.99B
Sector: Smart Contract Platform
Last 7 days: BNB managed a slight positive movement of 0.32%, reflecting steady investor confidence in its smart contract capabilities.
4. Solana (SOL)
Price: US$140.86
24h % Change: –2.95%
Volume (24h): US$1.93B
Market Cap: US$65.19B
Sector: Smart Contract Platform
Last 7 days: Solana experienced a more significant decline of 2.95%, yet it remains a formidable force in the smart contract ecosystem.
5. XRP (XRP)
Price: US$0.44167543
24h % Change: 0.29%
Volume (24h): US$662.28M
Market Cap: US$24.60B
Sector: Currency
Last 7 days: XRP recorded a slight gain of 0.29%, continuing its journey as a popular currency choice among investors.
6. Toncoin (TON)
Price: US$7.14
24h % Change: -3.56%
Volume (24h): US$269.81M
Market Cap: US$17.56B
Sector: Smart Contract Platform
Last 7 days: Toncoin saw a drop of 3.56%, indicating a rough patch in the smart contract platform sector.
7. Dogecoin (DOGE)
Price: US$0.10790588
24h % Change: –1.94%
Volume (24h): US$566.21M
Market Cap: US$15.65B
Sector: Currency
Last 7 days: Dogecoin, the well-known meme coin, decreased by 1.94%, yet it holds a significant market cap and continues to have a strong following.
8. Cardano (ADA)
Price: US$0.39164419
24h % Change: 1.73%
Volume (24h): US$284.84M
Market Cap: US$13.88B
Sector: Smart Contract Platform
Last 7 days: Cardano enjoyed a positive uptick of 1.73%, reflecting its growing importance in the smart contract sector.
9. Tron (TRX)
Price: US$0.13281575
24h % Change: 1.04%
Volume (24h): US$350.65M
Market Cap: US$11.58B
Sector: Smart Contract Platform
Last 7 days: Tron showed a 1.04% increase, reinforcing its position in the competitive smart contract platform space.
10. Avalanche (AVAX)
Price: US$25.45
24h % Change: -6.89%
Volume (24h): US$322.20M
Market Cap: US$10.04B
Sector: Smart Contract Platform
Last 7 days: Avalanche experienced the most significant drop of 6.89%, suggesting volatility and investor caution in its performance.
Conclusion
The value of the cryptocurrency market on 11 July 2024 depicts a more stabilized yet erratic pattern across various segments. Some cryptocurrencies recorded good standings that dropped slightly, and others slipped backward.
The aforementioned case refers to the fact that the market is characterized by relative instability which is subject to changes due to various causes. People with money still proceed in this world with great care with the potential return always compared against the potential loss.
These regular changes show that the best investment in the field of cryptocurrencies must be closely monitored and the strategic steps to create investment portfolios should be accurately calculated in the context of the fluctuation of crypto prices.
Getting acquainted with the trends of the prices of cryptocurrencies today helps the people involved in investments prepare for the next move and avoid dangers that may be disguised as opportunities. To continue with more information on Crypto, and further analysis on the changes in the value of the most popular cryptos, do not miss out on the next segment.
