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The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam.
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BTC
1,01,018.05
+2.50%
SOL
230.15
+1.85%
DATA
0.05128
+1.82%
429
0
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MY EXCITING JOURNEY WITH CRYPTO TRADING BOTS🤑🤑 I had an exhilarating experience with crypto trading bots that I'll never forget. It was during the bull run of 2021, and I decided to dip my toes into the world of automated trading. I researched different bots, settled on a reputable one, and set it up with a modest amount of capital. Within days, I witnessed the power of automation as the bot made lightning-fast trades, taking advantage of price swings that I would have missed. My initial investment began to grow steadily, and I was amazed by the accuracy of the bot's predictions. Then came a moment of sheer excitement. The bot detected a sudden surge in the price of a lesser-known cryptocurrency. Without hesitation, it executed a buy order, and I watched in awe as the price skyrocketed within minutes. I was making significant profits in real-time, and it felt like being on a roller coaster. However, I knew the crypto market's volatility, so I set up stop-loss and take-profit limits to protect my gains. The bot worked diligently, and I eventually sold at the peak, reaping substantial profits. That experience taught me the potential of crypto trading bots when used wisely and responsibly, and it left me eager to explore more opportunities in the crypto space. #CryptoTradingBots #DeFiChallenge
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The altcoins mentioned in van de Poppe’s tweets were PEPE, GRT, AVAX, and QNT.
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Bitcoin price hit a 30-day low on May 24 at $26,113 as traders worry that a larger price dip is possible, noting that the 5% 24-hour drop is a key moment of truth for the crypto market.
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Right as analysts thought that Bitcoin (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside amid increased regulatory uncertainty. Now it seems BTC is stuck far below the $28,000 resistance level.
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Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period.
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