Check out the in-depth analysis of top currencies in the cryptocurrency market
As of June 17, 2024, the cryptocurrency market showcases diverse performances across its top assets. Here, we provide an in-depth analysis of the leading cryptocurrencies based on their current prices, market capitalizations, 24-hour trading volumes, and recent price movements.
1.Bitcoin (BTC)
Price: US$66,086.88
24h Change: 0.16%
24h Volume: US$16.88B
Market Cap: US$1.30T
Bitcoin remains the dominant force in the cryptocurrency market, with a market cap of US$1.30 trillion. Despite a slight decrease of 0.16% over the past 24 hours, Bitcoin’s price stability near US$66,000 indicates a strong support level. Its substantial trading volume of US$16.88 billion reflects continued investor interest and robust market activity.
2.Ethereum (ETH)
Price: US$3,540.15
24h Change: 0.24%
24h Volume: US$11.79B
Market Cap: US$425.36B
Ethereum, the second-largest cryptocurrency by market cap, has seen a minor decline of 0.24% in the past 24 hours. Trading at US$3,540.15, Ethereum’s market activity remains intense, with a daily volume of US$11.79 billion. The network’s ongoing upgrades and the anticipated complete transition to Ethereum 2.0 continue to be key factors influencing its price dynamics.
3.Tether (USDT)
Price: US$0.99910851
24h Change: 0.09%
24h Volume: US$44.77B
Market Cap: US$112.44B
Tether, the leading stablecoin, remains closely pegged to the US dollar, with a negligible 24-hour price change of 0.09%. Its significant trading volume of US$44.77 billion underscores its critical role in providing liquidity and acting as a stable medium of exchange within the crypto market.
4.Binance Coin (BNB)
Price: US$602.36
24h Change: 0.46%
24h Volume: US$587.18M
Market Cap: US$92.68B
BNB, the native token of the Binance ecosystem, is trading at US$602.36 with a 24-hour decline of 0.46%. Despite this minor dip, BNB maintains a strong market cap of US$92.68 billion. Binance’s ongoing developments and expansion of services continue to bolster BNB’s market position.
5.Solana (SOL)
Price: US$146.02
24h Change: 1.45%
24h Volume: US$2.93B
Market Cap: US$67.40B
Solana has experienced a positive 24-hour change of 1.45%, bringing its price to US$146.02. With a market cap of US$67.40 billion and a trading volume of US$2.93 billion, Solana continues to attract attention due to its high throughput and low transaction costs
6.USD Coin (USDC)
Price: US$1.00
24h Change: 0.19%
24h Volume: US$5.36B
Market Cap: US$32.25B
USD Coin, another primary stablecoin, holds its value at US$1.00 with minimal volatility. Its 24-hour volume of US$5.36 billion and market cap of US$32.25 billion highlight its importance in the crypto ecosystem as a reliable store of value and medium of exchange.
7.XRP (XRP)
Price: US$0.49880858
24h Change: 1.83%
24h Volume: US$1.08B
Market Cap: US$27.69B
XRP has shown a positive movement with a 1.83% increase in the past 24 hours, trading at US$0.49880858. Its market cap stands at US$27.69 billion, supported by a daily trading volume of US$1.08 billion. Ripple’s ongoing legal battles and partnerships continue to influence XRP’s market performance.
8.Dogecoin (DOGE)
Price: US$0.13317969
24h Change: 1.85%
24h Volume: US$457.02M
Market Cap: US$19.28B
Dogecoin’s price has decreased by 1.85% in the last 24 hours to US$0.13317969. Despite this decline, it retains a significant market cap of US$19.28 billion. Its popularity, driven by community support and celebrity endorsements, continues to play a crucial role in its valuation
.9.Toncoin (TON)
Price: US$7.80
24h Change: 0.24%
24h Volume: US$704.96M
Market Cap: US$18.98B
Toncoin is trading at US$7.80, with a minor 24-hour decline of 0.24%. Its market cap of US$18.98 billion and trading volume of US$704.96 million highlight its growing influence in the crypto market
10.Cardano (ADA)
Price: US$0.40775622
24h Change: 0.94%
24h Volume: US$199.09M
Market Cap: US$14.44B
Cardano has experienced a 0.94% decrease in the past 24 hours, trading at US$0.40775622. Its market cap is US$14.44 billion, and its trading volume is US$199.09 million. Cardano’s ongoing development and ecosystem growth are pivotal to its market performance.
11.Shiba Inu (SHIB)
Price: US$2.0176e5
24h Change: 2.17%
24h Volume: US$546.14M
Market Cap: US$11.89B
Shiba Inu has declined by 2.17% in the last 24 hours, trading at US$2.0176e5. Its market cap of US$11.89 billion and trading volume of US$546.14 million reflect its active trading community.
12.Avalanche (AVAX)
Price: US$29.06
24h Change: 3.43%
24h Volume: US$244.17M
Market Cap: US$11.43B
Avalanche has seen a 3.43% decrease over the past 24 hours, trading at US$29.06. With a market cap of US$11.43 billion and a trading volume of US$244.17 million, Avalanche remains a significant player in the DeFi space.
Conclusion
The cryptocurrency market on June 17, 2024, reflects a mix of stability and volatility among the top assets. Bitcoin and Ethereum continue to lead with substantial market caps and trading volumes.
