In the previous 24 hours, Bitcoin has lost ground and dropped below the $60,000 barrier. One token of the world’s largest cryptocurrency was trading for USD 60,583.36 at the time of writing, just weeks after hitting a lifetime high of $66,000. This represented a 1.41 percent decline from the previous day.
The value of a digital token based on the famous South Korean Netflix comedy Squid Game has plummeted after it was proven to be a hoax. Squid, which advertised itself as a “play-to-earn cryptocurrency”, had seen its price surge by thousands of percent in recent days.
Ethereum was down by 2.73% over the last day. One unit of the world’s second-largest cryptocurrency was trading at $4,368 at the time of writing this article.
Binance, Dogecoin, and Polkadot also dipped, while Solana gained around 4%. Shiba Inu surged to $0.00005678 on Saturday. This was up by 11.09% over the past 24 hours, a pleasant move after constantly dipping over the past few days. The Chain token was ranked second in the top gainers’ pack, with a price of $21.89 and a jump of 665.35% in that duration of 24 hours.
This anomaly has changed the entire cryptocurrency charts for now. The coins that were carrying the crown of being the highest in the race so far (like, Bitcoin, Dodge Coin, Ethereum, etc.) are now replaced by newcomers like the Squid Game token.
As far as losers were concerned, the top spot went to Phoenix Global. The price of one token went down by 97.49% and was trading at $0.02263. Ethereum Meta and Dragon Battles came second and third in the chart, decreasing by 94.36 and 85.38% respectively during the last day.
Top Cryptocurrency Gainers According to Data from CoinMarketCap
Squid Game: $0.6508 – up by 816.72%
Chain: $21.89 – up by 665.35%
GreenMoonZilla: $0.00008422 – up by 469.83%
ZYX: $0.1609 – up by 334.54%
CatenaX: $4.32 – up by 311.48%
Blockcloud: $0.00263 – up by 256.98%
Top Cryptocurrency Losers According to Data from CoinMarketCap
Phoenix Global: $0.02263 – down by 97.49%
Ethereum Meta: $0.0000002909 – down by 94.36%
Dragon Battles: $0.001003 – down by 85.38%
Ninneka: $0.2525 – down by 63.31%
SatoShiba: $0.01502 – down by 55.09%
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