Explore the in-depth analysis of top cryptocurrencies in June 4, 2024
The cryptocurrency market on June 04, 2024, is characterized by a mix of stability in established coins and volatility in newer and meme-based assets. Bitcoin and Ethereum continue to dominate with significant market caps and trading volumes, while stablecoins like Tether and USDC provide essential liquidity. Smart contract platforms such as Solana, Cardano, and Avalanche show promise despite recent market corrections. Meanwhile, meme coins like Dogecoin and Shiba Inu remain highly volatile, reflecting speculative interest rather than fundamental value.
Here, we will learn about the top cryptocurrencies on June 04, 2024, including Bitcoin, Ethereum, Tether, BNB, and more.
1.Bitcoin (BTC)
Price: US$68,843.99
24h Change: -0.35%
Volume (24h): US$27.21B
Market Cap: US$1.36T
Sector: Currency
Last 7 days: Bitcoin has seen moderate volatility, with slight fluctuations reflecting the broader market sentiment. The price has held strong above US$68,000, demonstrating resilience in the face of global economic uncertainties. Institutional interest remains high, driving steady volume and maintaining its dominant market cap position
2.Ethereum (ETH)
Price: US$3,762.38
24h Change: -1.44%
Volume (24h): US$10.77B
Market Cap: US$452.04B
Sector: Smart Contract Platform
Last 7 days: Ethereum’s price dip over the past 24 hours is part of a broader correction. Despite this, the network continues to see robust development activity, especially with the buzz around Ether ETFs. Smart contract usage and decentralized finance (DeFi) applications are still strong drivers of Ethereum’s value.
3.Tether (USDT)
Price: US$1.00
24h Change: 0.06%
Volume (24h): US$36.83B
Market Cap: US$112.30B
Sector: Stablecoin
Last 7 days: Tether has maintained its peg to the US dollar, serving as a key liquidity provider in the cryptocurrency markets. The high trading volume reflects its extensive use in trading pairs and as a safe harbor during periods of market volatility.
4.BNB (BNB)
Price: US$628.86
24h Change: -0.01%
Volume (24h): US$1.48B
Market Cap: US$96.75B
Sector: Smart Contract Platform
Last 7 days: BNB has remained relatively stable, reflecting confidence in the Binance ecosystem. The Binance Smart Chain continues to attract developers and projects, contributing to BNB’s robust market performance.
5.Solana (SOL)
Price: US$165.04
24h Change: -0.26%
Volume (24h): US$2.02B
Market Cap: US$75.88B
Sector: Smart Contract Platform
Last 7 days: Solana’s performance has been steady, with slight declines. The network’s high throughput and low transaction costs keep it a favorite for DeFi and NFT applications, though recent outages have raised concerns about its long-term reliability.
6.USD Coin (USDC)
Price: US$1.00
24h Change: 0.08%
Volume (24h): US$4.94B
Market Cap: US$32.32B
Sector: Stablecoin
Last 7 days: USDC has also maintained its dollar peg, continuing to be a significant player in the stablecoin market. Its usage spans various DeFi protocols and exchanges, providing a stable asset for trading and lending activities.
7.XRP (XRP)
Price: US$0.52041718
24h Change: -0.04%
Volume (24h): US$746.73M
Market Cap: US$28.86B
Sector: Currency
Last 7 days: XRP has seen minimal price movement, reflecting ongoing legal battles and regulatory scrutiny. However, its potential for cross-border payments and partnerships with financial institutions continues to support its market position.
8.Dogecoin (DOGE)
Price: US$0.15772827
24h Change: -2.43%
Volume (24h): US$726.27M
Market Cap: US$22.80B
Sector: Currency
Last 7 days: Dogecoin experienced a notable decline, partly due to market corrections and reduced speculative interest. The community-driven coin still enjoys significant popularity but remains highly volatile.
9.Toncoin (TON)
Price: US$6.95
24h Change: 5.64%
Volume (24h): US$216.55M
Market Cap: US$16.78B
Sector: Smart Contract Platform
Last 7 days: Toncoin has seen a significant price increase, driven by recent positive developments and partnerships. Its growing ecosystem and developer interest contribute to its rising market cap and trading volume
10.Cardano (ADA)
Price: US$0.45398833
24h Change: –0.29%
Volume (24h): US$266.56M
Market Cap: US$16.06B
Sector: Smart Contract Platform
Last 7 days: Cardano’s price has remained relatively stable. The ongoing rollout of its smart contract capabilities and various partnerships in Africa and other regions support its long-term growth prospects.
11.Shiba Inu (SHIB)
Price: US$2.38392e-5
24h Change: -4.95%
Volume (24h): US$476.58M
Market Cap: US$14.05B
Sector: Currency
Last 7 days: Shiba Inu has seen a substantial price drop, reflecting reduced speculative interest. The meme coin’s volatility remains high, influenced by market sentiment and community activities.
12. Avalanche (AVAX)
Price: US$34.73
24h Change: -3.83%
Volume (24h): US$332.91M
Market Cap: US$13.66B
Sector: Smart Contract Platform
Last 7 days: Avalanche has experienced a notable decline, driven by broader market corrections. Despite this, the platform’s high throughput and innovative consensus mechanism keep it a strong competitor in the DeFi and dApp sectors.
