SHIBA INU (SHIB), the Ethereum-based decentralized cryptocurrency inspired by the Shiba Inu dog breed, is currently showing modest gains. As a project focused on community engagement and unique tokenomics, SHIB’s market activity is being closely watched by investors.

Key Market Statistics:

Price Movement:

SHIB’s popularity rank on Mudrex is #2, indicating significant user interest. The 24-hour volume change shows a 4.34% increase, suggesting heightened trading activity. The project’s tokenomics, including its burning mechanism, aim to reduce the overall supply and potentially increase the value of remaining tokens.

The governance system allows SHIB holders to participate in the platform’s development. Investors should monitor developments within the Shiba Inu ecosystem and broader market trends to make informed decisions.

Cardano (ADA) is currently ranked #13 in popularity on Mudrex. The cryptocurrency is experiencing positive price movement, with a 24-hour percentage change of 3.34%. Here’s a summary of its market data:

Price Performance:

The 24-hour trading volume increase suggests heightened market activity surrounding ADA. Cardano’s focus on research, sustainability, and its unique Ouroboros proof-of-stake mechanism continue to be key factors in its market presence.

Avalanche (AVAX) is currently trading at $19.74. Its market capitalization stands at $8.32 billion, ranking it among the top cryptocurrencies. Over the past 24 hours, AVAX has experienced a price increase of 4.42%. The 24-hour trading volume is $244.04 million, representing a 36.67% increase compared to the previous day.

Key Market Statistics:

Price Range:

Avalanche’s performance reflects the current volatility in the cryptocurrency market. Investors should monitor market trends and conduct thorough research before making investment decisions.

Pepe (PEPE), a meme-inspired cryptocurrency, currently holds the #3 popularity rank on Mudrex, indicating strong user interest. The cryptocurrency’s market capitalization stands at $4,806,895,903.71. Trading volume over the past 24 hours was $730,966,613.77, reflecting a 29% increase in volume compared to the previous day. The circulating and total supply are both reported as 420,689,899,653,543.6 PEPE, against a max supply of 420,690,000,000,000. The fully diluted market cap is $4,806,897,050.29.

PEPE’s price has seen a 2.88% increase in the last 24 hours. Recent price action is summarized below:

Investors should monitor volume and price action for potential breakout or breakdown scenarios. Keep an eye on broader market trends to assess overall sentiment towards meme coins and their potential impact on PEPE’s price trajectory.

Dogecoin (DOGE) is currently trading at $0.18, showing a 24-hour percentage change of 1.7%. While the max supply is 0, the circulating and total supply of DOGE is 149,707,336,383.71. The cryptocurrency maintains a strong market presence, evidenced by its popularity rank of #4 on Mudrex.

Key market statistics include:

• Market Cap: $26,625,241,029.55
• 24H Volume: $962,718,444.79, representing a 49.16% increase in volume compared to the previous day.

Price fluctuations over different timeframes:

The increased trading volume suggests heightened market activity and investor interest in Dogecoin.

MATIC, the native cryptocurrency of the Polygon Network, is a layer-2 scaling solution designed to improve the speed and reduce the cost of transactions on Ethereum. Polygon utilizes sidechains to offload transactions from the Ethereum mainnet.

The network employs a variant of the Plasma framework, enabling the creation of sidechains that run parallel to the main Ethereum chain. These sidechains process transactions off-chain, easing the load on Ethereum and facilitating faster, cheaper transactions.

MATIC tokens are used for transaction fees, governance participation, and network security through staking. The total supply of MATIC is capped at 10 billion. Polygon aims to provide a scalable platform for dApps and DeFi projects.

Market Statistics:

Polygon’s popularity rank on Mudrex is #29, indicating a significant number of users are currently investing in MATIC.

Cardano (ADA), a decentralized open-source blockchain platform, is currently trading at $0.65. Created by Charles Hoskinson and Jeremy Wood, co-founders of Ethereum, Cardano utilizes a proof-of-stake consensus mechanism called Ouroboros, focusing on energy efficiency and security.

Key Market Statistics:

ADA ranks #13 in popularity on Mudrex, indicating significant investor interest. The cryptocurrency has seen a 2.03% increase in price over the last 24 hours, accompanied by a 15.82% increase in trading volume. The 24-hour high was $0.6506, and the low was $0.6208.

Price Performance:

Cardano’s focus on research, development, and a sustainable governance model contributes to its position as a technologically advanced blockchain platform. Its features include smart contracts, dApps, and emphasis on social and financial inclusion, making it a notable cryptocurrency within the top 10 by market capitalization.

Avalanche (AVAX) is currently trading at $19.8, showing a 24-hour percentage change of 2.88%. With a market capitalization of $8,299,534,000.43, AVAX holds a popularity rank of #35 on Mudrex. The circulating supply is approximately 421,846,930.43 AVAX. The 24-hour trading volume stands at $230,598,557.14, reflecting a volume change of 26.6% compared to the previous day.

Key Market Statistics:

Price Performance:

Avalanche’s performance indicates a positive trend in the last 24 hours, outperforming some other altcoins in terms of percentage gain. Investors should monitor volume and price action for confirmation of this trend.

Shiba Inu (SHIB), the Ethereum-based decentralized cryptocurrency, exhibits positive market activity. Inspired by the Shiba Inu dog breed and often dubbed the “Dogecoin Killer,” SHIB leverages a community-driven approach and a tokenomics system that rewards holders.

Key Market Statistics:

Price Performance:

SHIB’s market capitalization places it among the top meme coins, with a substantial circulating supply. Its trading volume indicates ongoing interest and liquidity, while the token’s burning mechanism aims to reduce supply and potentially increase value for holders. The 24-hour percentage change indicates a slight positive price movement.

Pepe (PEPE), a meme-inspired cryptocurrency, is currently showing modest gains amidst significant trading activity. Here’s a snapshot of its current market performance:

Key Statistics:

Price Performance:

Analysis:

PEPE currently ranks #3 in popularity on Mudrex, indicating strong user interest. The 24-hour trading volume of nearly $712.4 million suggests high liquidity and active participation in the market. While the price has seen a modest 1.9% increase in the last 24 hours, the significant volume change of 24.18% warrants monitoring for potential volatility. The fully diluted market cap is slightly above the current market cap. Investors should be aware of the inherent risks associated with meme coins and conduct thorough research before investing.

Dogecoin (DOGE), the meme-inspired cryptocurrency, is currently trading at $0.18. According to Mudrex data, DOGE holds the #4 position in popularity among its users.

Key Market Statistics:

Dogecoin’s 24-hour trading volume shows a substantial increase of 48.84%, reaching $942.98 million. The price has experienced a slight increase of 0.62% in the last 24 hours.

Price Range:

Dogecoin’s fully diluted market cap is $26.56 Billion, matching its current market cap due to the absence of a max supply.

MATIC Network (MATIC), also known as Polygon, is a layer 2 scaling solution designed to enhance the Ethereum network. It employs sidechains to offload transactions from the main Ethereum blockchain, aiming to provide faster and more cost-effective transactions.

Key Features:

• Scaling Solution: Utilizes sidechains based on a variant of the Plasma framework.
• Transaction Processing: Processes transactions off-chain, reducing congestion on Ethereum.
• MATIC Token: Native cryptocurrency used for transaction fees, governance, and network security through staking. Total supply capped at 10 billion.
• Popularity: Currently ranked #29 in popularity based on Mudrex user investment activity.

Polygon aims to create a more accessible and scalable platform for dApps and DeFi projects. Its ability to offer faster and cheaper transactions than Ethereum has contributed to its growing adoption within the crypto space.

Uniswap (UNI), a leading decentralized cryptocurrency exchange (DEX) built on Ethereum, is currently trading at $7.61. UNI utilizes an Automated Market Making (AMM) system, facilitating token swaps without traditional order books.

Key Market Data:

UNI’s 24-hour trading volume saw a significant increase of 35.31%, reaching $334,129,453.24. The price has increased by 3.13% in the last 24 hours, indicating positive momentum. The circulating supply of UNI is 628,739,836.71. Its market capitalization stands at $4,760,764,311.45, positioning it as a notable player in the DeFi space.

Price Range:

Uniswap’s position at #97 in popularity on Mudrex suggests considerable user interest. Its fully diluted market cap is $7,571,914,539.98 based on a total supply of 1,000,000,000 UNI. Uniswap continues to be a key player in the decentralized finance (DeFi) ecosystem, offering a platform for trustless and autonomous token trading.