On Thursday the cryptocurrency market saw a dip with the global cryptocurrency market cap dropping by 1.75% to $2.86T.
Despite the drop in the market cap, the total crypto market volume increased by about 34% in the last 24 hours.
The total volume in decentralized finance (DeFi) is about $30.43B, which is 16.76% of the total crypto market trading volume while the volume of stablecoins is $142.05B, which is 78.23% of the total crypto market volume in the last 24 hours.
Top coins in the red
All the top ten cryptocurrencies by market cap ranking are in red.
Despite its current dip, Bitcoin still controls the majority share of the cryptocurrency market with a dominance of about 43%.
Ethereum (ETH) on the other hand has seen a 0.48% decrease to trade at about $4,713.
Binance Coin (BNB) has dropped by about 2.88% to trade at about $631.
Cardano (ADA), Polkadot (DOT), and Dogecoin (DOGE) have seen the largest drop among the top ten cryptocurrencies. Cardano has dropped by 5.07% to trade at $2.13, Polkadot has dropped by 5.52% to trade at about $49, while Dogecoin has dropped by about 4.33% to trade at about $0.2605.
Kadena and MicroPets rise
Kadena (KDA) and MicroPets (PETS) are among the top trending coins with Kadena coming in second after Shiba Inu (SHIB).
Kadena (KDA) has risen by about 21% to trade at $24.90 maintaining a bullish trend for the past few days.
On the other hand, MicroPets (PETS) have risen by about 15% to trade at $0.000008774.
Today’s Top Gainers
Today’s top gainer is Ethereum Meta (ETHM), which has risen by 16907% in the last 24 hours.
The other coin in the top three of today’s top gainers includes Aurora (AOA), which has gained 910%, and Litherium (LITH), which has risen by 908%.