Crypto Money Marketunexpected mobility is experiencing. Bitcoin (BTC) decreased to 103 thousand 888 dollars, while Ethereum (ETH) fell below 2 thousand 500 dollars with 2 percent loss. This fluctuation also spread to Altcoins. Dogecoin (Doge), Solana (left) and XRP depreciated. However, Moo Deng, one of the Memecoins on the Solana network, climbed over 100 percent in the last 24 hours and attracted attention.
Binance’s move revived Altcoin
Binance, on May 11 Moodeng And Goat He added Coins to the Alpha Projects list. This move allows early stages to enter Altcoins on investor radar. Following the announcement Moo Deng CoinThe price of 60 percent rapidly leaned to 0.20 dollars.
Interest before the announcement decreased and investor confidence was shaken due to discussions such as LIBRA Coin scandal. When it comes to Binance support, the lost interest has increased again. Altcoin’s market value jumped from $ 140 million to $ 180 million in hours. As the Hype wind blows, the value of Moo Deng is currently up to $ 0.2447.
Expectations also increased with the demand
Moo Deng, BitcoinFollowing the exceeding $ 100,000, he found support from the increasing institutional demand. Interest in the Solana ecosystem was also reflected in the Memecoins, and the total market value of the top 10 coins increased by 33.7 percent and reached $ 12.6 billion. According to Coings data, Moo Deng’s open position value in futures transactions climbed from $ 13.4 million to $ 274 million. This figure clearly demonstrates the traders’ appetite and expectations to the crypto money market.
Analysts predict that the $ 0.24 – 0.34 band will be tested in the short term. Although a red resistance line gives the previous decline signal, new peaks may come. This movement is on the radar of both individual and corporate investors.
Moo Deng, with the support of Binance and the popularity of social media, lived in a short time. Corporate demand and term transactions confirm the cyclical rise of the price. Analysts say that if he breaks $ 0.34, he can open the door of a new bull run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
