Crypto Market Down Slightly on August 30th; MemeCore Leads Gains

The cryptocurrency market experienced a slight downturn on August 30th, with the global market cap falling to $3.76 trillion after a 0.99% decline in one day. Trading volume also weakened, dropping 9.66% to $166.42 billion. Bitcoin (BTC), the top cryptocurrency by market cap, saw a dip of 1.15%, trading at $108,455. The leading crypto’s daily turnover reached $70.6 billion. However, some tokens defied the overall trend, with MemeCore (M) being the standout performer, surging nearly 50% to reach $0.70, fueled by $54 million in trades. Conflux (CFX) also saw a positive performance, gaining 8.84% to hit $0.19, with $134 million in trading volume. 8.84%. Story (IP) climbed 7.46% to reach $6.49 and Bonk (BONK) jumped 7.29% to trade at $0.0000219. Meanwhile, Bitcoin’s decline was countered by gains in other tokens, including OKB (OKB), which rose 6.19%, reaching $175.80 with $300 million in volume. 7.46% to reach $6.49 and Bonk (BONK) jumped 7.29% to trade at $0.0000219. 8.84%. Several major tokens also lost ground, particularly Pyth Network (PYTH), which fell 14.61% to $0.1954. Raydium (RAY) and Solana (SOL) also experienced declines. 8.84%. 7.46% to reach $6.49 and Bonk (BONK) jumped 7.29% to trade at $0.0000219. Top losers, Source: CoinMarketCap, while some tokens experienced notable gains. Memecore was again a top performer, closely followed by Pi Network (PI), which managed to gain a modest 4.1%, landing at $0.37. Trusta shot up 95.1% to reach $0.133, while SKALE (SKL) also jumped 31.78% to trade at $0.0347. Trading sentiment was mixed, with the Fear and Greed Index currently sitting at 39, indicating a cautious investor mood. While Bitcoin’s dominance stands at 57.5%, Ethereum’s share is modest at 14%. Meanwhile, the Altcoin Season Index reflects a more Bitcoin-centric market trend than an overarching altcoin rally. The strength of open interest was notable, with perpetuals climbing to $978.74 billion against $3.87 billion in futures. Volatility remained high for both Bitcoin and Ethereum at 41.06% and 73.92%, respectively. Despite the market’s overall dip, traders face a volatile landscape as Ethereum gas fees remain stable