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High Levels of Euphoria Present in the Market: Analysis Firm

Published 01/05/2023, 02:05 AM
Updated 01/05/2023, 02:30 AM
High Levels of Euphoria Present in the Market: Analysis Firm

  • The global crypto market has continued to rise over the last 24 hours.

  • All of the altcoins in the top 10 cryptos list have printed weekly gains.

  • Santiment tweeted a warning regarding the high levels of FOMO currently in the market.

The global crypto market cap has continued to rise over the last 24 hours according to CoinMarketCap. At press time, the global crypto market cap is up 0.35% — taking the total to $821.30 billion.

Altcoins have been in a mini-relief rally over the last week as the year gets into gear. Looking at just the altcoins in the top 10 cryptos on CoinMarketCap’s list, Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), Ripple (XRP), Cardano (ADA) and Polygon (MATIC) have all printed weekly gains.

Currently, the largest altcoin by market cap, ETH, is up 4.96% over the last 7 days. ETH’s price has also risen 0.52% over the last 24 hours. As a result, the price of the altcoin leader stands at $1,253.97 at press time.

Meanwhile, BNB and XRP are up 5.46% and 0.23% in the same time period, respectively. DOGE, ADA, and MATIC are up 5.23%, 9.34%, and 3.13%.

The mini altcoin rally may not be a sign of the overall trend in the crypto market changing just yet. Santiment, the blockchain analysis firm, tweeted this morning that th ...

The post High Levels of Euphoria Present in the Market: Analysis Firm appeared first on Coin Edition.

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