Selling pressure in the global crypto market was slowed on Friday as several coins began to offset their losses from the previous day.
Bitcoin’s market moves were evident as the largest cryptocurrency rose 1.72% to $ 46,146.24 at the time of writing. ether (ETH) is also favored by the bulls, rising 3.04% to $ 3,237.66 CoinMarketCap.
Amid the broader price hike, here are the top winners and losers for today, August 13th.
The graph (GRT) today leads the rise in altcoins after buyers of the coin drove the price to $ 0.9413, an increase of 18.30%. At this rate, The Graph is well on its way to break the $ 1 resistance level and move towards its 90-day high of $ 1.42. The use case of the graph allows for a reinforced hug. It plays a role as an indexing protocol for querying data for networks like Ethereum and IPFSwhich supports many applications in DeFi and the wider Web3 ecosystem.
Meanwhile, Cardano (ADA) has also moved its price to the highest gains ever, climbing above the psychological level of $ 2 for the first time in 3 months. With several test nets deployed, the coin enjoyed a heightened mood among buyers as the broader ecosystem for digital currencies prepares for the arrival of the Alonzo upgrade, which will support the emergence of smart contracts and DApps on the Cardano blockchain. The token has been marked as undervalued. We may, however, bring the real value of the coin to life with the new upgrade.
Most tokens make up for their losses. However, the Shiba Inu (SHIB) meme token is the biggest loser among the altcoins at the top of the charts after coloring a 0.50% increase price to $ 0.00000795 USD. IoTex (IOTX) was Low 3.36% on $ 0.1102 during the intraday.
The dynamics of the market can create such buying volatility that will drive these coins out of the red zones. The global crypto market is currently well on its way to re-registering $ 2 trillion Market capitalization to cover the weekend.
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