Coin Edition -
- Santiment reported this morning that after Memorial Day Weekend, the cryptocurrency market has experienced a notable revival.
- Over the weekend, BTC climbed above $28.2K while ETH was able to trade above $1.9K again.
- All eyes were on FantasyGold (FGC) after the crypto saw a 900+% price increase over the past week.
The market intelligence firm, Santiment, shared in a tweet this morning that during the ongoing Memorial Day Weekend in the United States, the cryptocurrency market experienced a notable revival. The post also pointed out that Bitcoin (BTC) successfully regained its position at the $28.2k price level, while Ethereum (ETH) rebounded to $1,915.
However, the most significant development revolved around FantasyGold (FGC), which witnessed an astonishing surge of +900% over the past week. Additionally, social activity surrounding various assets has also seen a notable increase, indicating growing interest in the cryptocurrency space.
Data from CoinMarketCap indicated that BTC was one of the many cryptocurrencies trading in the green heading into the new week. At press time, the market leader was worth about $28,042.94 after a price increase of more than 3% over the past 24 hours.
This allowed BTC to strengthen against its competitor, ETH, by about 0.07% throughout the past day. Meanwhile, ETH also experienced a price increase during this time, and was trading hands at $1,904.61 at press time.
Its 2.97% 24-hour price increase pushed the altcoin’s weekly performance even further into the green at +5.06%. In addition to this, ETH’s 24-hour trading volume saw a more than 60% increase, and stood at $6,910,084,125.
Although both market leaders performed well over the weekend, all eyes were on FGC. In just the past 24 hours, FGC saw a price increase of over 100%. Additionally, the crypto is also up 974.56% over the past seven days alone.
Its market cap of $1,041,077,302 meant that FGC was ranked as the 207th biggest crypto in terms of market capitalization. This placed it right behind Bitcoin BEP2 (BTCB) in the 206th position and in front of Wrapped EOS (WEOS) which was ranked 208th.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Crypto Market Experiences Memorial Day Weekend Revival appeared first on Coin Edition.