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Crypto Today: Daily Digest Unveils Market Highlights

In the last 24 hours, the crypto market has surged, the total market capitalization has risen by nearly 2%
April 11, 2024

Today, the crypto market is buzzing with activity, and investors are eager to understand the driving forces behind the surge. Total crypto market capitalization has seen a noteworthy uptick over the past 24 hours, marking a promising trend for enthusiasts and traders alike.

According to insights from CoinGecko, the market is up by nearly 2%, reaching a substantial $2.761 trillion valuation. Delving into the top 100 coins by market capitalization, it's evident that optimism prevails, with most coins displaying green digits.

Standing out among the gainers is JasmyCoin (JASMY), boasting an impressive surge of almost 22%, currently trading at $0.02498. NEO follows closely behind, marking a substantial 19% increase to reach $23.

However, amid the green sea, there are a few red flags. Uniswap (UNI) takes the spotlight for the biggest drop, witnessing a decline of 16.6%, with its current price resting at $9.24. Following suit is Nervos Network (CKB), experiencing a 15.4% decrease to hit $0.03054.

Zooming into the top 10 coins per market cap, optimism reigns supreme, with all coins experiencing price hikes over the past day. Toncoin (TON) leads the pack with a notable 9% surge, now trading at $7.39. Not far behind is the beloved Dogecoin (DOGE), marking a 5% increase to settle at $0.1969. The remaining coins in this elite club showcase increases ranging from 0.1% to 2.2%.

As the crypto sphere brims with excitement, attention is drawn to Bitcoin (BTC), climbing 2.2% and trading at $70,407, while Ethereum (ETH) records a 1.2% uptick, exchanging hands at $3.562.

However, amidst the euphoria, concerns linger. Speculation arises regarding Bitcoin's on-chain momentum, with some traders hinting at a potential slowdown in the current bull run. Furthermore, a South Korean crypto researcher suggests that US stock traders wield significant influence over BTC prices.

In the realm of crypto innovations, the news of celebrated director Kurosawa Kiyoshi pioneering a Theater-to-Web3 movie distribution model adds a layer of excitement. Collaborating with Nekojarashi and Intertrust, the launch of 'Chime' promises a groundbreaking viewing experience, coupled with exclusive access and trading opportunities.

Additionally, the NEAR Foundation's introduction of the Infrastructure Committee, backed by a substantial $4 million funding, signals a robust initiative aimed at fortifying NEAR's key infrastructure components. With a focus on decentralization and community-driven proposals, the committee is poised to propel NEAR's growth and development forward.

Lastly, Contentra Technologies and Serenity Shield's partnership to store a staggering 10 million gigabytes of data on blockchain showcases the transformative potential of decentralized solutions in the realm of data storage and security.

In conclusion, as the crypto market continues to evolve and innovate, today's surge underscores the resilience and potential of digital assets, while also highlighting the need for robust infrastructure and pioneering initiatives to sustain this growth trajectory in the long run.

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