Immutable X, Pendle, and Bonk take the lead in driving the crypto markets over the weekend.
In the past 24 hours, the top 100 cryptocurrencies have seen some notable performers. Immutable X (IMX), Pendle (PENDLE), and Bonk (BONK) have all experienced significant gains.
Immutable X (IMX) is currently trading at $2.70, which is a 13.74% increase from the previous day. The coin’s trading volume in the past 24 hours has surged by over 120% to reach $222.6 million. IMX has been on an upward trend for over a month, with its price increasing by an additional 21.54% compared to a month ago and 24.42% in the last seven days.
Pendle (PENDLE) has seen a 12% increase in price, with $93.9 million worth of the coin being traded in the past 24 hours. This trading volume represents a 62.16% improvement from the previous day, placing Pendle as the 75th most traded cryptocurrency during that period.
Bonk (BONK) is the third biggest gainer among the top performers, with its price increasing by 8% in the past 24 hours to reach $0.00001286. The coin has also experienced a significant increase in trading volume, which has risen by 124.92% to over $280.3 million. Over the course of 48 hours, Bonk’s price has rallied by 30%, benefiting from the overall resurgence of the crypto market and the positive sentiment generated by its BONKrewards scheme announcement.
Dogwifhat (WIF), a popular Solana (SOL) meme coin, has gained 25.7% in price compared to the previous day. It currently has a trading volume of $29.79 million and is priced at $0.2862, giving it a market value of $282.7 million and placing it at the 199th position in CoinMarketCap’s list of the most prominent digital assets by market capitalization.
On the other hand, Dogecoin (DOGE), a well-known meme coin, has not had a significant impact recently. Its price has decreased by 1.17% and its 24-hour trading volume has dropped by more than 8%. Despite this, bullish DOGE whales have continued to buy the dip, spending as much as $27 million on the coin in the first week of February.
Overall, these recent developments in the cryptocurrency market highlight the volatility and potential for significant gains within the industry.
