The cryptocurrency market is currently experiencing a negative price structure, with the top 100 cryptocurrencies facing a decline. The global crypto market cap has dropped by -3.47% to $2.27 trillion. Bitcoin and Ethereum, the key players with dominance percentages of 54.2% and 18.2%, respectively, have seen a significant intraday plunge, indicating a bearish outlook for major tokens in upcoming sessions.

Amidst this downturn, we will examine three prominent cryptocurrencies highlighted on CoinMarketCap this week.

COOKIE's Resilience Despite Market Conditions

Despite a bearish overall market sentiment, COOKIE coin has shown remarkable strength, rising by 41.14% over the past week and by 1.21% intraday. The COOKIE token, associated with the Cookie Ecosystem, was introduced on June 13th, 2024. Despite its massive total supply of 1 billion, investors remain optimistic, driving its price upwards.

With only 5.94% of the total supply in circulation, COOKIE boasts a high volume-to-market cap ratio of 54.84%. It holds a market cap of $7.54 million, ranking 2612th on CoinMarketCap, with a trading volume of $4.11 million. Trading at $0.12677 currently, COOKIE has shown a bullish trend, forming higher peaks on MEXC.

Although experiencing price fluctuations between $0.07800 and $0.14400, COOKIE has managed to stay above key resistance levels, indicating bullish momentum.

ChainGPT (CGPT) Potential Recovery

ChainGPT (CGPT), an AI and big data-based token released in 2023, currently holds the 416th rank on CoinMarketCap. With a total market capitalization of $79.955 million, 49.90% of the 998.267 million CGPT tokens are in circulation. Despite a previous all-time high of $0.556 in March 2024, CGPT later faced a significant decline, dropping below key moving averages.

Presently trading at a crucial support level of $0.1550, CGPT shows signs of a potential rally, mirroring historical patterns.

MNTC's Recovery Prospects

Ranked 902 in terms of market capitalization on CoinMarketCap, Minati Coin (MNTC) has demonstrated a 12.75% increase in market cap and a 7.02% surge in trading volume. With a market capitalization of $14.633 million and a trading volume of $2.972 million, MNTC seems to have reached a critical level at $1.37, where previous rallies initiated.

Despite fluctuations, MNTC maintains moderate liquidity levels at 20.32%, suggesting active buying and selling activities. Positioned below key EMAs, MNTC remains a top contender on CoinMarketCap's most visited list, signaling the potential for another price increase.

Disclaimer:

The views expressed in this analysis are for informational purposes only and do not serve as investment or financial advice. Cryptocurrency trading carries inherent risks of financial loss.