Pepe Coin, DYdX Awaits To See Bulls, Amidst TON Facing Gains

The general sentiment of the crypto market is bearish today. Many believe that the approval of spot Bitcoin ETF is going to play a bullish role in the crypto market. And while the SEC has postponed the decision, the crypto Fear And Greed Index still looms in the fear zone at 34/100.

Bitcoin’s (BTC) price, is quite bearish today and is still below the $30,000 threshold at $25,789.89,  and down by around 1.09% in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border.

Ethereum is trading at $1,632.00,  with 1.22% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 2.36%. Solana also faced losses, with its price decreasing by 1.66%. On the other hand, Polygon (MATIC), which traded on red lines few days back, is again down by 1.44%  since the last day.  Polkadot coin price saw a decrease of almost 1.30% in one day. 

The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed decrease of around 0.48%, while Shiba Inu’s token price is down by almost 1.62%, in the last 24 hours.

The crypto market today is primarily bearish with very few exceptions. The global crypto market cap has decreased vividly since yesterday and now stands at $1.04 trillion. The 24-hour crypto market volume is $34.2 billion, with a more than 9.68% decrease.

The top 4 cryptos for today are:

• Pepe coin is down by 3.41%

Pepe coin price is facing the bears today after facing gains a few days ago. The price is down by almost 4% since yesterday. It is trading at $0.0000007931, at the time of writing. It holds a global market cap of $310.73 million. Although some whales have started resuming their PEPE accumulation, such dips give the impression that the coin is currently in a terminal stage of fall.

• DYdX crypto token is down by 7.36%

DYDX is also facing the bears today. DYDX token price is down by more than 7% in the last 24 hours.  Its price is trading at $2.11, the the time of writing. It holds a global market cap of $330,346,011. Antonio Juliano, the founder of DYdX, recently advised cryptocurrency business owners to look outside of the US.

Also Read: Grayscale Ethereum Trust Hold $4.6B ETH: Arkham Intelligence Report

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• KCS crypto token is down by 6.94%

KuCoin’s KCS token is facing a price correction and is down by almost 7% in the last 24 hours.  Its price is trading at $3.84, the the time of writing. It holds a global market cap of $371,063,623. The bearish trend KCS is facing is mostly due to the market-wide price correction. 

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Toncoin’s TON token is up by more than 10% in the last 24 hours. Its price is trading at $1.93, the the time of writing. It holds a global market cap of $6,621,820,166. The TonCoin network’s increasing developer activity looks to be boosting the value of the cryptocurrency.

Also Read: XRP Ignites September with 7-Month High Activity Amid SEC Showdown