Today, the cryptocurrency market is active around several tokens showing significant price changes and trading volumes. Key highlights include DEGEN, NEIRO, KAITO, SKYAI, and XRP.
DEGEN: 46% Surge
The DEGEN token rose by 45.83% in the last 24 hours, reaching a price of $0.007866. This increase was made possible by breaking out of a descending triangle pattern, along with rising buying pressure indicated by the Money Flow Index. The market cap of DEGEN is $111.54M, with a 24-hour trading volume of $416.42M.
NEIRO: 55% Rally
The NEIRO token experienced a growth of 55.69% with a current price of $0.0006245. A significant drop in Mean Dollar Invested Age indicates reactivation of long-dormant wallets, leading to a supply shock. NEIRO's market cap stands at $262.74M, while the trading volume over the past 24 hours is $567.29M.
Dynamic Updates on SKYAI, KAITO, and XRP
SKYAI surged by 30.32% due to listings and incentive programs announcements, with a current price of $0.06465 and a market cap of $64.65M. KAITO reported an 11.65% increase, reaching $1.95, sustaining bullish sentiment. XRP, despite a minor drop of 1.81%, is maintaining around $2.53 following improvements in its legal situation and interest in ETFs.
The cryptocurrency market is displaying active movements especially among meme tokens and AI projects. Support from institutional investors is emerging, creating interest in tokens with special structures and legal aspects.
