ApeCoin Soars 16%, Dogecoin Taps 3-Week High (Weekend Watch)

Time Stamp: November 27, 2022 4:56 AM

Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500.

Its dominance has taken another minor hit as some alts, such as Dogecoin and ApeCoin, have jumped by impressive percentages.

APE, DOGE Pump Higher

Most of the larger-cap alternative coins stand quiet today, with little-to-no movements, which is somewhat expected as the trading volumes are down again during the weekend.

Ethereum, Binance Coin, Ripple, Cardano, Polygon, Polkadot, Litecoin, Shiba Inu, OKB, and Solana are either with minor gains or insignificant declines.

Dogecoin is among the few exceptions. After pumping by double digits yesterday, DOGE is up by another 6% today. As a result, it has neared $0.1 for the first time in about three weeks.

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ApeCoin has surged the most from the top 50 coins. A 16% increase has taken the asset to almost $3.8.

With most other altcoins sitting calmly again, though, the crypto market cap has stalled around $840 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Continues to Stand Flat

Unlike Dogecoin or ApeCoin, Bitcoin’s performance has been quite underwhelming in the past few days. The asset had dumped to a two-year low during the working week at around $15,500. However, the bulls stepped up at that point and pushed the asset north.

This culminated in reclaiming $16,000 and jumping to almost $17,000. However, BTC failed at that point and dropped back down to $16,500.

Bitcoin has been stuck around that level for several days without moving from there. As such, its market cap has remained at just under $320 billion. Its dominance over the altcoins is down to under 38%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
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Cryptocurrency charts by TradingView.

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