Dogecoin

Cardano

Gary

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">The broader digital currency ecosystem trends have called for caution among crypto investors as total market liquidation has surpassed the $490 million threshold.<a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">According</a> to data from CoinGlass, the total liquidation has impacted over 185 traders as top altcoins Dogecoin (DOGE) and XRP come into focus.</p>
<h2 id="dogecoin-and-xrp-liquidation">Dogecoin and XRP liquidation</h2>
<p dir="ltr">According to the market data, Dogecoin has recorded over $31.7 million in liquidation over the past 24 hours. This figure comes after the meme coin shed gains after<a href="https://u.today/dogecoin-doge-skyrockets-25-analyst-predicts-082-breakout" rel="noopener noreferrer nofollow">overheated growth</a> in the past week. As of writing, Dogecoin's price changed hands for $0.4282, down by 2.18% in 24 hours.</p>
<p dir="ltr">In the Dogecoin liquidation, long traders suffered more as expectations of sustained growth were dashed. The meme coin’s long traders have lost a total of $21.7 million compared to the short trader liquidation value of $10 million.</p>
<p dir="ltr">XRP soared to a three-year high on Gary Gensler’s<a href="https://u.today/breaking-sec-boss-gensler-announces-when-hes-stepping-down" rel="noopener noreferrer nofollow">resignation update</a>. Although it has cooled off from local highs, it has retained 1.08% growth in 24 hours to $1.483.</p>
<p dir="ltr">Based on this mild shift, XRP has suffered a liquidation of $30.37 million. This figure underscores the sharp overleverage from long traders, with a $21.89 million loss overnight. The coin’s liquidation reflects its massive appeal over rivals like Solana (SOL) and Cardano (ADA).</p>
<h2 id="crypto-market-rebound-bitcoin-effect">Crypto market rebound - Bitcoin effect</h2>
<p dir="ltr">The bullish performance of the price of Bitcoin over the past week pushed the market into extreme greed, as<a href="https://u.today/extreme-greed-dominates-crypto-market" rel="noopener noreferrer nofollow">reported</a> by U.Today. The coin flirted with the $100,000 price benchmark but softly pulled back.</p>
<p dir="ltr">With the coin now trading at $98,159, the expectations of a return to local highs might fuel a marketwide rebound. The duo of Dogecoin and XRP might also recorded a sharp rebound, moving forward based on the correlation between altcoin and Bitcoin prices.</p> <a href="https://u.today/dogecoin-doge-and-xrp-shine-as-crypto-liquidations-hit-493-million" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Dogecoin (DOGE) and XRP Shine as Crypto Liquidations Hit $493 Million

Table of Contents

U_Today

Other articles published on Nov 25, 2024

Bitcoin Surges Past $81,000 Amid Trump’s Victory and Pro-Crypto Political Shift

GIGA Token Holder Loses $6.09M in Phishing Scam

Doge Jones Industrial Average (DJI): Flipping the Dow and Revolutionizing the Meme Economy

NEAR Protocol to Build World’s Largest Open-Source AI Model with 1.4T Parameters

ZircuitDEX and Avalanche could outperform Ethereum next year

Bitwise to Launch First-Ever Aptos Staking ETP on SIX Swiss Exchange

Join our free newsletter for daily crypto updates!