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Cryptocurrency price in India 21 February 2023: Bitcoin increases 2%, Ethereum up by 1%, meme coins mark gain
Top cryptocurrencies on Tuesday noticed gains. The largest cryptocurrency by market value, Bitcoin was up by 2 percent over the last 24 hours to trade at $24,923.42. At the time of writing this article (0930 IST), the value of Ethereum was up by 1.09 percent to currently trade at $1,703.47.
The value of XRP and Solana marked gains of 1.77 percent and 0.19 percent, respectively. The price of Toncoin witnessed a growth of 0.35 percent, followed by an increase in Cosmos by 1.86 percent. The value of Avalanche rose by 3.73 percent, along with a decline marked in Chainlink by 0.47 percent. However, other top crypto tokens like Litecoin and Polkadot fell by 2 percent and 0.90 percent, respectively.
On 21 February, the global crypto market cap went up by 1.36 percent to $1.13 trillion in the past 24 hours. Contrastingly, the total crypto market volume stood at $62.34B billion, having witnessed a fall of 0.21 percent over the last day.
Gainers and decliners of the day
According to CoinMarketCap, the top gainers were Conflux, Neo, Klaytn, and Huobi Token. Contrarily, the top losers were, Monero, Rocket Pool, Filecoin, and Blur.
“I would argue that what you’re most likely going to see this year is a recovery year, where you spend about half the time moving higher, and half the time moving lower. You can break that up in different months, so you know 2018, 2014, 2022, we had like eight or nine red months, but in the recovery years, it’s split more or less into half and half,” said Benjamin Cowen, founder & CEO at Into The Cryptoverse.
Meme coins notice gains
On Tuesday, the value of meme coins remained profitable. Shiba Inu traded higher by 0.35 percent to $0.000014. The boost in values positively impacted the price of Dogecoin by a 0.40 percent increase to $0.087977. The value of Bone ShibaSwap advanced by 2.86 percent.
Metaverse tokens in the green
A majority of the top metaverse tokens showed price growth today. The price of ApeCoin was up by 2.76 percent, which continued in Axie Infinity by a 3.30 percent rise and Decentraland by a 1.78 percent boost.