As the overall crypto market struggles to regain a bullish stance, XRP coin PHNIX is up over 50%.
Over the past 24 hours, while Bitcoin (BTC) and Ethereum (ETH) have shown clear signs of struggling to regain a bullish position, a few lesser-known coins have reached double-digit rates.
One of the biggest gainers, according to CoinGecko’s list, is Phoenix (PHNIX). PHNIX is an XRP meme coin (XRP) that fell from a 24-hour range of $0.00004662 to $0.0000698.
Crypto analyst Gordon recently tweeted that meme coins on the XRP chain are exploding. He particularly highlighted that PHNIX printed a huge divine candle after a week of consolidation. Gordon also noted that he looks ready for his next rally.
The second piece with almost 70% pump is Unicorn Fart Dust (UFD). UFD price has soared almost 100% over the past seven days and is trading at $0.2274 at press time.
The meme coin was started by a 56-year-old YouTuber called Basement Ron, who creates videos about gold, silver, and now UFD. Although the exact reason for the price hike is unclear, the coin has also entered into partnerships with companies like MoonPay.
When we narrow it down to the top gainers of the top 300 coins by market cap, Theta Network (THETA) soared almost 14% from a 24-hour low of $0.06857 to a high of $0.09682 before returning to its current price of $0.07854. .
According to data from CoinMarketCap, the global crypto market cap stands at $3.33 trillion, with a 1% increase in the last 24 hours. Alternative data also shows that the crypto Fear and Greed Index is now at 62, indicating greed. Greed usually indicates that the market is due for a correction.
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
