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It’s been a rollercoaster ride for the cryptocurrency market in recent times, as the crypto market struggled to stabilize in the last seven days. The total trading volume on the cryptocurrency market climbed by 7.04% to US $65.21 billion. This resulted in a 2.1% decline in the market value of all cryptocurrencies to $1.06 trillion.
Several U.S. Federal Reserve officials reiterated in the 24 hours leading up to 4:30 p.m. in Hong Kong that more interest rate hikes are necessary to battle inflation, which contributed to Wall Street’s overnight decline. Most Asian shares were up despite this.
Summary
Polygon Spikes Despite Market Instability
As the other top 10 cryptocurrencies decreased in value, Polygon (Matic) increased by 4.71% to trade at US$1.32 in the last 24 hours and also rose by 8.65% in the last seven days. Analysts have described this rise as one of Polygon’s highest in recent times.
Polygon has managed to stay afloat for weeks, despite the dwindling market situation, as it continues to strengthen its position in the league of the best cryptocurrencies. It will also fancy a chance to move above Dogecoin and Cardano, who currently sit above it in 9th and 8th places, respectively. Both DOGE and ADA have struggled for consistency in the last couple of days.
Polkadot Rises To Second In Revenue Performance
Due to the extra features provided by Parachains, Polkadot (DOT) has improved recently and received greater attention from cryptocurrency investors. Polkadot’s native token, “DOT,” has appreciated in value as more people become aware of it. As of press time, DOT has grown by 4.86% in the last seven days and now trades at $6.88296.
Because of the continuous bullish momentum in the market, Polkadot (DOT) has seen some big price increases lately. In the middle of January 2023, Polkadot (DOT) increased by 13%. In 2023, a significant rise and one of the biggest in the history of the token. Among the top blockchains ranked by revenue performance, Polkadot climbed to the second position in just the first two weeks of January.
Big Eyes Coin Reaches Historic Milestone
A new meme coin, Big Eyes Coin (BIG), has reached a historic milestone, raking in USD 24.5 million in presale. Since it was created in late 2022, Big Eyes Coin has continued to rise steadily in presale and is now almost halfway in its quest to raise $50 million before going live.
The cat-themed coin also recently announced a 200% launch bonus which gives investors a whopping three times the value of their investment when they buy the BIG token. This 200% launch offer from BIG will now expire on Monday, the 20, 2023. Investors are hereby urged to take advantage of this while the offer lasts. Use the bonus code “LAUNCHBIGEYES200” to benefit from the 200% bonus before it ends, and get three times the worth of your purchase! Big Eyes Coin is an investment that guarantees high returns!
Find out more about Big Eyes Coin (BIG):Â
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
*This article was paid for. Cryptonomist did not write the article or test the platform.
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