Cryptocurrency Price Today: Despite Market Slump, Floki Becomes Top Gainer With Unprecedented Rally

Floki (FLOKI), the memecoin designed to follow up Dogecoin (DOGE), saw a 24-hour jump of over 42 percent, becoming the top gainer early Tuesday. The sudden rally is believed to have been caused by the coin becoming an official partner of the Asian Badminton Championships 2023. Additionally, the coin’s fresh listing on Binance also added to the streak. Bitcoin (BTC), and other top coins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) — landed in the reds. 

The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour dip of 1 percent.

Bitcoin (BTC) price today

Bitcoin price stood at $27,405.35, registering a 24-hour loss of 1.33 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.82 lakh.

Ethereum (ETH) price today

ETH price stood at $1,829.10, marking a 24-hour dip of 2.09 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.63 lakh.

Dogecoin (DOGE) price today

DOGE registered a 24-hour loss of 1.23 percent, as per CoinMarketCap data, currently priced at $0.07844. As per WazirX, Dogecoin price in India stood at Rs 7.12.

Litecoin (LTC) price today

Litecoin saw a 24-hour dip of 0.01 percent. At the time of writing, it was trading at $87.63. LTC price in India stood at Rs 7,800.

Ripple (XRP) price today

XRP price stood at $0.4599, seeing a 24-hour loss of 2.26 percent. As per WazirX, Ripple price stood at Rs 41.20.

Solana (SOL) price today

Solana price stood at $21.12, marking a 24-hour dip of 3.22 percent. As per WazirX, SOL price in India stood at Rs 1,917. 

Top crypto gainers today (April 25)

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

Floki (FLOKI)

Price: $0.00004135
24-hour gain: 42.54 percent

Injective (INJ)

Price: $7.00
24-hour gain: 3.66 percent

WOO Network (WOO)

Price: $0.2541
24-hour gain: 3.64 percent

Chiliz (CHZ)

Price: $0.124
24-hour gain: 3.22 percent

Nexo (NEXO)

Price: $0.666
24-hour gain: 2.58 percent

Top crypto losers today (April 25)

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

PancakeSwap (CAKE)

Price: $2.88
24-hour loss: 13.30 percent

MultiversX (EGLD)

Price: $38.15
24-hour loss: 3.65 percent

Polygon (MATIC)

Price: $0.9726
24-hour loss: 3.61 percent

Fantom (FTM)

Price: $0.4118
24-hour loss: 3.35 percent

Flow (FLOW)

Price: $0.8915
24-hour loss: 3.26 percent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to consolidate below the $28,000 on Monday as investors await the US Federal Open Market Committee’s meeting next week. The support and resistance levels for Bitcoin are estimated to be around $27,100 and $27,650, respectively. If Bitcoin’s price falls below the support level, it may encounter a further drop towards the $26,500 level. Ethereum’s price, on the other hand, remains unchanged at the $1,800 level.”

WazirX Vice President Rajagopal Menon said, “Crypto markets remain cautious as mixed earnings from the tech sector could impact prices. Both crypto and traditional financial (TradFi) markets are opening flat. Bitcoin and Ether are down by 1.2 percent and 2 percent, respectively. Ether’s stagnant position was countered by record-breaking inflows from stakers reinvesting post-Shanghai upgrade, showcasing market resilience. On WazirX, IDEX (IDEX) and Floki (FLOKI) have been the top gainers in the last 24 hours.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin and Ethereum are currently being closely watched by investors and traders as they are trading at $27,360 and $1,834, respectively. This comes as the market anticipates next week’s FOMC meeting, where interest rates are expected to rise by 25 basis points. Bitcoin’s performance has outperformed that of gold, with 1 BTC now equivalent to 14.7 ounces of gold, up from 9 ounces since the start of the year.”

Shivam Thakral, the CEO of BuyUCoin, said, “After witnessing a minor downward trend, BTC rebounded above the critical $30,000 mark as the positive sentiment around Defi continues to grow. ETH once again touched the $2,100 mark but faced some resistance and pulled back to the $2,095 level. The current rally in the crypto market is driven by macro factors and its momentum depends on the favourable factors surrounding the financial markets.” 

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.