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Top 10 Most Actively Traded Altcoins in the Last 24 Hours

Explore the latest trends in the cryptocurrency market with an overview of the most actively traded altcoins over the past day, including their price fluctuations and trading volumes.
Published on 2023-04-18

Rising Trading Volumes in the Crypto Market

The cryptocurrency market recently experienced a significant surge in trading volume, increasing by over 6% within the last 24 hours. This activity spike involved several altcoins, notably DOGE, INJ, STG, SOL, and LTC, which saw double-digit percentage increases in their trading volumes. Despite this upsurge, the global crypto market cap has decreased by 0.66%, now estimated at approximately $1.26 trillion.

Noteworthy Price Movements

Several cryptocurrencies have demonstrated notable price movements. For instance, Arbitrum (ARB) rose by 8.71% and strengthened against Bitcoin and Ethereum. Conversely, Rocket Pool (RPL) saw an 11.56% decline, weakening against BTC and ETH as well. On the other hand, Avalanche (AVAX) experienced a modest gain, trading at $21.41, while Solana (SOL) faced a 14.78% decrease in its trading volume.

Detailed Altcoin Analysis

Arbitrum (ARB)

ARB's trading volume increased by 2.59%, with prices peaking at a 24-hour high. The altcoin strengthened against major market leaders, indicating robust market interest.

Rocket Pool (RPL)

RPL's trading volume dropped by 19.05%, with the price trading near its 24-hour low. This decline highlights a challenging period for the altcoin.

Avalanche (AVAX)

AVAX recorded a 1.24% price increase, with trading volumes slightly rising. It also strengthened against BTC and ETH, reflecting positive market sentiment.

Solana (SOL)

SOL's trading volume significantly decreased, yet it remained active on centralized exchanges. The price fluctuated between $24.10 and $25.52.

Injective (INJ)

INJ's trading volume surged by 23.98%, although the price fell slightly. The altcoin's performance against BTC and ETH showed mixed results.

Stargate Finance (STG)

STG's volume saw a 42.47% increase, despite a price drop. This suggests heightened trading activity amidst a volatile market.

Dogecoin (DOGE)

DOGE experienced a remarkable 142.81% increase in trading volume, positively impacting its price. The meme coin strengthened against both BTC and ETH.

Audius (AUDIO)

AUDIO's trading volume fell by 31.12%, with the price decreasing slightly. It weakened against BTC and ETH, indicating reduced investor interest.

Solar (SXP)

SXP's trading volume declined by 36.31%, affecting its price negatively. Despite this, it remains close to its 24-hour high.

Litecoin (LTC)

LTC's price rose by 3.40%, although trading volume decreased. It trades near its 24-hour high, showing resilience amidst market fluctuations.

The recent data highlights dynamic shifts and trading trends in the crypto market, offering insights into the performance and investor interest in leading altcoins.

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