Cryptocurrency Price Today: Dogecoin Becomes Top Gainer; Bitcoin, Ethereum Remain Stable

Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), is riding high in the billionaire businessman’s recent takeover of Twitter, emerging as the biggest winner after months of decline. Bitcoin (BTC) and Ethereum (ETH), on the other hand, also managed to see minor gains over the last 24 hours, maintaining their points of $20,000 and $1,500, respectively. Other popular altcoins, including Litecoin (LTC) and Ripple (XRP), saw minor gains across the board. The Terra Classic (LUNC) token turned out to be the biggest loser.

At the time of writing, the global crypto market capitalization stood at $1.02 trillion, posting a 0.09% gain over the last 24 hours, according to data from CoinMarketCap.

Bitcoin (BTC) price today

Bitcoin price stood at $20,537.60, with a small gain of 0.26% over 24 hours, according to CoinMarketCap. According to the Indian exchange WazirX, the price of BTC stood at Rs 17.68 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,593.26, marking a 24-hour jump of 0.42 percent at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.38 lakhs.

Dogecoin (DOGE) price today

DOGE posted a 24-hour gain of 2.90% according to CoinMarketCap data, currently priced at $0.1466. According to WazirX, the price of Dogecoin in India was Rs 12.42.

Litecoin (LTC) price today

Litecoin saw a 24-hour jump of 0.67 percent. At the time of this writing, it was trading at $55.30. The price of LTC in India stood at Rs 4,702.01.

Ripple (XRP) Price Today

XRP price stood at $0.4611, up 0.49 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 39.41.

Solana (SOL) price today

Solana price stood at $32.28, down 1.04% in 24 hours. According to WazirX, the SOL price in India was Rs 2,731.49.

Top Cryptocurrency Gainers Today (November 2)

According to data from CoinMarketCap, here are the top five cryptocurrency gainers in the last 24 hours:

Dogecoin (DOGE)

Price: $0.1415
24 hour gain: 11.11 percent

Toncoin (TON)

Price: $1.67
24 hour gain: 10.85 percent

Theta Network (THETA)

Price: $1.24
24 hour gain: 5.74 percent

Uniswap (UNI)

Price: $7.22
24 hour gain: 3.23 percent

Elrond (EGLD)

Price: $60.37
24 hour gain: 2.61 percent

Top Crypto Losers Today (Nov 2)

According to data from CoinMarketCap, here are the top five cryptocurrency losers in the last 24 hours:

Classic Terra (LUNCH)

Price: $0.0002222
24 hour loss: 8.43 percent

Casper (CSPR)

Price: $0.03921
24 hour loss: 5.55 percent

Huobi Token (HT)

Price: $8.28
24 hour loss: 5.12 percent

Klaytn (KLAY)

Price: $0.252
24 hour loss: 5.06 percent

Ghost (FTM)

Price: $0.2283
24 hour loss: 4.99 percent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live: “Most cryptocurrencies traded sideways in the last 24 hours due to upcoming macroeconomic events in global markets. Bitcoin price maintains its current bullish momentum ahead of Wednesday’s FOMC meeting. If BTC can sustain a steady gain above the $20,500 level, the next resistance would be at the $21,000 level. If it fails to retain the gains, we could see BTC drop to the $20,000 level. On the other hand, Dogecoin remained the biggest gainer on Tuesday, gaining more than 13 percent from the day before. However, there is less chance of the currency going higher as it has grown so much.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “With a 24-hour trading volume of 44 billion, Bitcoin is currently worth $20,391. Bitcoin is up less than 5 percent in the last seven days. SHIB price will follow Dogecoin price and today SHIB is about 8 percent higher. Dogecoin price has now broken above the October high of $0.151 and hit a daily high of $0.158 on Nov 1. However, the four-hour close of the candlestick was below the previous high, which is a bearish SFP (swinging fault pattern) on this time frame. ”

weTrade founder Prashant Kumar also offered his opinion on the market scenario: “Dogecoin is on a roll! The memecoin, since Elon Musk took over Twitter, has gained about 12% in the last 24 hours and up 122% in the past seven days as investors await further developments between the two organizations On the other hand, Bitcoin and Ethereum were flat ahead of the US Federal Open Market Committee on Wednesday, which is likely to announce changes in interest rates. This week, Bitcoin has been holding its resistance level of $20,000 and Ethereum is inching closer to $1600. The interest rate announcement could spark some movement in the crypto market.”

Shivam Thakral, CEO of BuyUCoin, said: “Overall crypto market sentiment is on the positive side after most crypto assets witnessed a mini rally. Twitter’s new CEO is a crypto enthusiast and investors are betting on Twitter’s future crypto plans that will create a more evolved and truly global crypto community as part of the Twitter ecosystem. The US Federal Reserve meeting is just around the corner and another 75 basis point rate hike is expected, that is the reason why cryptocurrency heavyweights Bitcoin and Ether, are almost flat. The decision to raise rates by the Federal Reserve will have a significant impact on the crypto market in the short and medium term.”

Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant literature before making any investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and expense of the readers.