The top 10 cryptocurrencies finally showed bullish changes in the last 24 hours as opposed to the long struggling market traders have been experiencing through the mid 2021.
Could this be a sign that the crypto market is finally picking up once again?
Top 10 Cryptocurrencies 'Finally Bullish?'
The reason for the term "picking up" is because over the last 30 days, all but two of the top 10 cryptocurrencies have shown bearish results. During the past 30 days, as the numbers show, it looked like it would still be a long time before most cryptocurrencies started showing positive growth.
However, in the last 24 hours, all the top 10 cryptocurrencies have shown bullish growth.
Something that has been going on for the past few months while the crypto market was down was the bullish state of $HEX while all other cryptocurrencies were down.
$HEX Remains Bullish Amongst Other Cryptocurrencies
This phenomenon also saw massive amounts of crypto whales putting millions of dollars worth of crypto into $HEX. The massive movements, although not seen by the public eye, have been going around a lot and can be seen mostly on the updates provided by WhaleBot Alerts.
Aside from $HEX taking up the major spotlight, Bitcoin has actually seen a positive growth as well.
$BTC showed a positive 30 day gain just a few days ago, and now, although the cryptocurrency has come up bearish over the last 30 days, it once again showed a positive growth over the last 24 hours.
$DOGE Leaps in Last 24 Hours
The surprising thing about the bullish state of the top 10 cryptocurrencies is that it seemed like Dogecoin is leading as it comes up with a +6.3% growth in the last 24 hours.
Just recently, according to an article by Coingape, Elon Musk stated once again that he sides with $DOGE, calling both $BTC and $ETC "slow."
Here are the top 10 cryptocurrencies ranked by performance over the last 24 hours:
1. $DOGE
Price: $0.22
24 hour percentage change: +6.3%
7 day percentage change: -9.6%
30 day percentage change: -36.1%
2. $BTC
Price: $33,912
24 hour percentage change: +3.1%
7 day percentage change: +0.1%
30 day percentage change: -9.3%
3. $XRP
Price: $0.64
24 hour percentage change: +2.6%
7 day percentage change: -2.7%
30 day percentage change: -29.1%
4. $DOT
Price: $15.74
24 hour percentage change: +2.5%
7 day percentage change: +2.6%
30 day percentage change: -32.1%
5. $HEX
Price: $0.08
24 hour percentage change: +2.4%
7 day percentage change: +5.4%
30 day percentage change: +29.3%
6. $BNB
Price: $318.07
24 hour percentage change: +2.4%
7 day percentage change: +10.5%
30 day percentage change: -15.2%
7. $ADA
Price: $1.35
24 hour percentage change: +1.8%
7 day percentage change: -3.0%
30 day percentage change: -16.4%
8. $ETH
Price: $2,154
24 hour percentage change: +1.5%
7 day percentage change: -0.1%
30 day percentage change: -17.2%
9. USDT
Price: $1.00
24 hour percentage change: +0.0%
7 day percentage change: -0.1%
30 day percentage change: -0.1%
10. $USDT
Price: $1.00
24 hour percentage change: 0.0%
7 day percentage change: -0.1%
30 day percentage change: +0.1%
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While this could be a potential indication that the crypto market is going up, more data needs to be gathered in order to make a calculated overview of what is really happening.
As of the moment, the largest movements seen being made by crypto whales are with Bitcoin, Tron, Hex, and Ethereum, according to a number of updates as seen on WhaleBot Alerts on Telegram.
Related Article: Tether $USDT Has More Deposits than 'Many U.S. Banks' | Learn More About this Stablecoin
This article is owned by Tech Times
Written by Urian B.
