Cryptocurrency Price Today: Memecoin PEPE Becomes Top Gainer As Greens Dominate Charts

Cryptocurrency price on August 9 quick take: The global market cap rose to $1.18 trillion.

PEPE price stood at $0.000001184 early Wednesday. ( Image Source :Twitter/@pepecoineth )

Memecoin Pepe (PEPE) emerged to be the biggest gainer, with a 24-hour jump of over 7 percent early Wednesday. While Bitcoin hovered below $30,000, it still managed to see a jump of nearly 2 percent in the last 24 hours. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the greens across the board. The market fear and greed index stood at neutral, scoring 54 (out of 100). The Mantle (MNT) token became the biggest loser, with a 24-hour loss of nearly 8 percent. 

The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour gain of 1.59 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $29,703.65, registering a 24-hour gain of 1.84 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.48 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,853.58 marking a 24-hour gain of 1.43 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.59 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 1.57 percent, as per CoinMarketCap data, currently priced at $0.07476. As per WazirX, Dogecoin price in India stood at Rs 6.35.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 1.88 percent. At the time of writing, it was trading at $83.74. LTC price in India stood at Rs 7,250.66.

Ripple (XRP) Price Today

XRP price stood at $0.6393, seeing a 24-hour jump of 3.21 percent. As per WazirX, Ripple price stood at Rs 55.50.

Solana (SOL) Price Today

Solana price stood at $24.24, marking a 24-hour gain of 5.22 percent. As per WazirX, SOL price in India stood at Rs 2,014.24. 

Top Crypto Gainers Today (August 9)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Pepe (PEPE)

Price: $0.000001184
24-hour gain: 7.16 percent

Shiba Inu (SHIB)

Price: $0.000009514
24-hour gain: 6.78 percent

THORChain (RUNE)

Price: $1.01
24-hour gain: 6.27 percent

Toncoin (TON)

Price: $1.27
24-hour gain: 5.50 percent

Solana (SOL)

Price: $24.21
24-hour gain: 4.99 percent

Top Crypto Losers Today (August 9)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Mantle (MNT)

Price: $0.4726
24-hour loss: 7.44 percent

Rocket Pool (RPL)

Price: $25.15
24-hour loss: 6.21 percent

Optimism (OP)

Price: $1.67
24-hour loss: 5.70 percent

GMX (GMX)

Price: $49.83
24-hour loss: 3.49 percent

Frax Share (FXS)

Price: $6.14
24-hour loss: 2.30 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “The price of Bitcoin surged beyond $30,000 initially today but settled at trading above $29,500. This shift could be attributed to China's decreased trade numbers for July and the US 10-year Treasury yield dropping by 11 basis points to 3.98 percent. Solana, Shiba Inu, Hedera, and TonCoin experienced growth of over 4 percent in the past 24 hours. Ethereum continues a 7-day trend, trading between $1,800 and $1,900.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has largely traded in the green in the last 24 hours. As per CoinGecko, the global crypto market capitalisation is up 1.6 percent and is currently around $1.23 trillion. However, the crypto fear and greed index observed some correction. The index is down 4 points from yesterday and is currently in the neutral zone with a score of 50/100.”

Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin (BTC) opens at $29,786, rising by 2 percent, while ether (ETH) trades at $1,855, up by 1.3 percent. Amid record-low volatility for Bitcoin, the focus shifts to potential year-end catalysts like ETF developments and transformative industry events. These factors could synergise with speculative strategies, creating significant market tailwinds. While $30,000 marks a critical threshold and $40k,000 gains consensus as the next level, macro-related events might induce unexpected volatility spikes.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, "In the past week, institutional investors have unloaded bitcoin-related funds, selling over $111 million, largely due to increased regulatory scrutiny, ongoing lawsuits against industry participants, and evolving market dynamics. Despite these challenges, some alternative cryptocurrencies such as Solana, Ripple (XRP) and Litecoin (LTC) are gaining interest from institutional investors. Interestingly, Bitcoin (BTC) experienced a positive bounce on Tuesday, potentially linked to this development. This led to a temporary decline in short positions. If BTC manages to break the $29,750 mark, it could signal a potential uptrend. Failure to do so could result in a decline towards $29,000 and potentially further down to $28,800 or even $28,400."

Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market has seen impressive activity in the last 24 hours, with a total trading volume of $36.7 billion — a remarkable increase of 13.43 percent from the previous day. Particularly, the (DeFi) industry has made a substantial contribution, with a total volume of $2.73 billion. Today brought an array of exciting developments in the ever-changing world of cryptocurrencies that are guaranteed to stimulate the interest of both crypto enthusiasts and traditional finance experts. Scammers distribute counterfeit PYUSD tokens on blockchains in response to PayPal's recent stablecoin announcement, asking investors to take caution and check token authenticity before transactions. Despite these fluctuations, the price of Bitcoin is currently $29,712.19, illustrating the volatile nature of the cryptocurrency ecosystem.”

CoinDCX Research Team told ABP Live, “Digital asset investment products saw outflows totalling $107 million in the past week, with Bitcoin leading the way with $111 million in outflows. This is the largest weekly outflow for Bitcoin since March. Ethereum also saw outflows of $6 million, but the sentiment around altcoins was significantly better. Solana investment products saw inflows of $9.5 million, the largest of the week and its most significant since March. Other assets like XRP and Litecoin also saw inflows of $0.5 million and $0.46 million, respectively.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.