“Currently, the asset is consolidating and trading in a range from $60,000 to $62,500. If the price holds the support then the bulls may resume the up move, if the price breaks the support then we may expect further downfall and the prices may slide to the next support level of $52,500. ," added the Zebpay Trade Desk.
Meanwhile, on Monday, ElonDoge DAO was the top gainer in the crypto market. The altcoin surged up to 2,745.72 per cent, priced at $57.13. Vybe occupied the second spot, priced at $0.8622 , and up by 1,314.13 per cent over the last 24 hours.
GreenMoonZilla, valued at $0.00000001183 per token, came third with a surge of 479.99 per cent in the last day.
As far as losers were concerned, the top spot went to Squid Game, which had surged to record highs after it was lost on October 20. The price of one token went down by 99.98 per cent and was trading at $0.005937. Monster Grand Prix Token and BabyPumpkin Finance came second and third in the chart, decreasing by 70.89 and 67.46 per cent respectively during the course of the last day.
Top 6 Cryptocurrency Gainers (According to data from CoinMarketCap)
ElonDoge DAO: $57.13 - up by 2,745.72 per cent over last 24 hours
Vybe: $0.8622 - up by 1,314.13 per cent over last 24 hours
GreenMoonZilla: $0.00000001183 - up by 479.99 per cent over last 24 hours
BabyCare: $0.0000000234 - up by 350.92 per cent over last 24 hours
ALL BEST ICO: $0.000419 - up by 225.33 per cent over last 24 hours
EverestCoin: $0.00001774 - up by 162.64 per cent over last 24 hours
Top 6 Cryptocurrency Losers (According to data from CoinMarketCap)
Squid Game: $0.005937 - down by 99.98 per cent over last 24 hours
Monster Grand Prix Token: $0.0724 - down by 70.89 per cent over last 24 hours
BabyPumpkin Finance: $0.000003959 - down by 67.46 per cent over last 24 hours
Auxilium: $0.002686 - down by 66.38 per cent over last 24 hours
Misty Inu: $0.0009009 - down by 55.72 per cent over last 24 hours
IceCube Finance: $16.18 - down by 55.16 per cent over last 24 hours
Commenting about investing in cryptocurrency like Bitcoin and Ether, Edul Patel said, “Over the coming 24 hours we would likely witness the trading volumes shooting up.
The (crypto) market is currently filled with a strong positive momentum, and this could be a good opportunity for the bears and the whales to dump a lot of illiquid crypto currencies.
Investors should hold themselves back before investing in any random coin aiming for a 100x return in such scenarios."