Shiba Inu Regains $20 Billion Market Cap Level, MATIC Spikes 25%

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The crypto market returned firmly on Tuesday and added nearly $ 150 billion to its total value in the last 24 hours. Bitcoin has crossed the $ 51,000 price level today but the real recovery has been seen between altcoins like Shiba Inu (SHIB) and Polygon (MATIC).

The price of Shiba Inu has risen by more than 10% in the last 24 hours. With that, the cryptocurrency has regained a market capitalization of $ 20 billion. Digital asset MATIC surprised the crypto community with big gains of over 28% within one day. In terms of weekly performance, Polygon increased by almost 32%.

After reaching a record high in October 2021, Shiba Inu has seen a gradual decline over the last 6 weeks. Once the 8th largest digital asset in the world, SHIB now ranks 13th. With a market value of $ 20 billion, Shiba Inu continues to be the second most valuable self currency after DOGE.

In addition to SHIB and MATIC, LUNA, AVAX, CRO and LINK have also witnessed double digital gains over the last 24 hours.

Bitcoin Price Performance

While altcoins saw a strong recovery on Tuesday, Bitcoin fell behind other competitors in terms of price gains. Even with a price jump of 4%, the cryptocurrency is far behind Ethereum (8%) and Solana (9%). As a result, Bitcoin’s cryptocurrency market dominance has declined significantly since Monday.

“When price creates new highs, it is without exception traders who buy the top. These new investors are the first group tested by the next period of uncertainty, and nothing spells uncertainty as a flashback in the future. The sum of coins spent at a loss for December 4 totaled $ 3 billion. Coming on Saturday, previous highs were set for May 19 and June 25, with losses of $ 4.5B and $ 3.8B, respectively, “Glassnode emphasized in its recent release. report.

The crypto market returned firmly on Tuesday and added nearly $ 150 billion to its total value in the last 24 hours. Bitcoin has crossed the $ 51,000 price level today but the real recovery has been seen between altcoins like Shiba Inu (SHIB) and Polygon (MATIC).

The price of Shiba Inu has risen by more than 10% in the last 24 hours. With that, the cryptocurrency has regained a market capitalization of $ 20 billion. Digital asset MATIC surprised the crypto community with big gains of over 28% within one day. In terms of weekly performance, Polygon increased by almost 32%.

After reaching a record high in October 2021, Shiba Inu has seen a gradual decline over the last 6 weeks. Once the 8th largest digital asset in the world, SHIB now ranks 13th. With a market value of $ 20 billion, Shiba Inu continues to be the second most valuable self-currency after DOGE.

In addition to SHIB and MATIC, LUNA, AVAX, CRO and LINK have also witnessed double digital gains over the last 24 hours.

Bitcoin Price Performance

While altcoins saw a strong recovery on Tuesday, Bitcoin fell behind other competitors in terms of price gains. Even with a price jump of 4%, the cryptocurrency is far behind Ethereum (8%) and Solana (9%). As a result, Bitcoin’s cryptocurrency market dominance has declined significantly since Monday.

“When price creates new highs, it is without exception traders who buy the top. These new investors are the first group tested by the next period of uncertainty, and nothing spells uncertainty as a flashback in the future. The sum of coins spent at a loss for December 4 totaled $ 3 billion. Coming on Saturday, previous highs were set for May 19 and June 25, with losses of $ 4.5B and $ 3.8B, respectively, “Glassnode emphasized in its recent release. report.

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