One Solana-based (SOL) meme asset is defying market doldrums and rallying after being listed on numerous crypto exchange platforms.

New data reveals that Billy (BILLY), a dog-themed memecoin built over Solana, has jumped over 30% during the last 24 hours after multiple crypto exchange platforms added support for it.

The crypto exchange platforms that listed Billy include Bittrue, Bitget, MEXC, and Gate.io, who all announced support for the meme asset earlier this week.

Billy is trading for $0.1659 at time of writing, a 36% gain during the last day. On June 26th, Billy was moving for just $0.0286.

Billy, which was launched earlier this year in June and features a picture of a puppy, is outpacing other prominent meme assets during the market’s current consolidation period, which has caused sharp decreases across the board.

Other dog-theme assets, such as dogwifhat (WIF), Shiba Inu (SHIB), Bonk (BONK), and Dogecoin (DOGE), are trading for $1.91, $0.000014, $0.000023, and $0.1046 at time of writing, respectively.

However, DOGE, WIF, SHIB, and BONK are all down between 30-40% during the last month while BILLY is up a staggering 150% during the same time frame.

According to data from blockchain tracker Dexscreener, Billy’s market cap is sitting at $161 million at time of writing while its 24-hour volume is at $24.6 million.

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• Bitcoin value is struggling to recuperate above USD 48,000.
• Ethereum is caught beneath USD 3,800, XRP failed to remain above USD 0.85.
• LUNA gained 6% and surpassed the USD 87 stage.

Bitcoin value began a minor upside correction above the USD 47,000 zone. BTC climbed above the USD 47,500 stage however did not clear USD 48,000. It’s presently (04:27 UTC) consolidating close to USD 47,400 and there’s a danger of additional declines beneath USD 46,500.

Equally, most main altcoins are dealing with hurdles. ETH is dealing with resistance close to the USD 3,800 stage. XRP may revisit the USD 0.80 help zone. ADA is struggling to remain above USD 1.35.

Complete market capitalization

Bitcoin value

After a minor restoration wave, bitcoin value confronted resistance close to the USD 48,000 zone. BTC did not proceed greater and dropped beneath USD 47,500. The value even traded beneath USD 47,000 earlier than recovering. The subsequent main help is close to USD 45,500, beneath which the bulls may battle within the close to time period.

On the upside, the value may face resistance close to the USD 47,500 stage. The subsequent barrier is now forming close to the USD 48,000 stage.

Ethereum value

Ethereum value additionally tried a restoration wave above the USD 3,700 stage. ETH surpassed the USD 3,750 stage, however there was no transfer above USD 3,800. It’s now buying and selling above USD 3,760 and, if there are further losses, the value may take a look at USD 3,650. The subsequent key help is close to the USD 3,550 stage. 

On the upside, an preliminary resistance is close to USD 3,780. The subsequent key resistance is close to the USD 3,800 stage, above which the value may take a look at USD 3,880. 

ADA, BNB, SOL, DOGE, and XRP value

Cardano (ADA) spiked above the USD 1.365 stage. Nonetheless, it confronted resistance close to the USD 1.38 stage and there was a bearish response. The value is now buying and selling close to USD 1.35, with a key help close to the USD 1.32 stage.

Binance coin (BNB) failed to realize tempo above the USD 525 resistance. It’s declining and buying and selling close to USD 510. The primary help is close to the USD 500 deal with, beneath which there’s a danger of a sharper decline within the coming classes.

Solana (SOL) tried to recuperate above the USD 175 stage, however there was no upside continuation. The value is buying and selling close to USD 170 and there could possibly be a transfer in the direction of the USD 165 stage.

DOGE is consolidating close to the USD 0.172 help zone. The subsequent main help is close to USD 0.170. Any extra downsides may push the value in the direction of the USD 0.165 stage.

XRP value failed to realize energy above the USD 0.85 stage. It’s now buying and selling close to the USD 0.840 stage. If there’s one other bearish response, the value may take a look at the USD 0.80 stage.

Different altcoins market right this moment

Many altcoins are up over 8%, together with ATOM, CEL, AAVE, SUSHI, CRV, ROSE, ALGO, and CELO. Out of those, ATOM gained nearly 13% and surpassed the USD 30 stage. In the meantime, LUNA trimmed its weekly losses to lower than 7% by leaping 6% in a day and reaching the USD 87 stage. 

Total, bitcoin value is struggling to clear the USD 48,000 resistance. If BTC fails to remain above USD 46,500, there could possibly be a transfer in the direction of USD 45,500.

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Since December 8, the stablecoin economic system has grown 3.59% in 17 days as quite a few stablecoin market valuations have issued extra fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economic system’s $167 billion market valuation represents 6.68% of the whole $2.49 trillion crypto market economic system.

Stablecoin Issuance Jumps 3.5%

There’s a large number of stablecoins in existence at present which are pegged to the worth of fiat currencies just like the U.S. greenback. The U.S. greenback is the commonest stablecoin peg at present, however there are others that characterize the euro and the Swiss franc. On Saturday, the whole worth of all of the stablecoins in existence is $167 billion, up 3.59% since our newsdesk’s final stablecoin report. Essentially the most dominant stablecoin at present is tether (USDT) with a market valuation of round $77.7 billion unfold throughout varied blockchains.

Tether’s sizable market capitalization is 46.52% of the whole stablecoin economic system at present. Usd coin (USDC) is the second largest stablecoin when it comes to market capitalization with $42.4 billion. Whereas USDT elevated 5.7% over the last month, USDC climbed 14% over the last 30 days. The third, fourth and fifth largest stablecoin market valuations belong to BUSD, UST, and DAI respectively. BUSD’s $14.8 billion market cap elevated by 14.6% over the last month and UST’s issuance jumped by 36.6%.

60% of Right now’s Trades Are Paired With Stablecoins

The Makerdao-issued stablecoin DAI elevated by 2.9% this previous month with a valuation of round $8.9 billion. Terra Protocol’s UST stablecoin is 9.18% bigger with a valuation of round $9.8 billion on the time of writing. MIM, FRAX, and FEI noticed notable issuance will increase as properly with anyplace between 15.6% to 42.4% over the last month. The stablecoin origin greenback (OUSD) spiked greater than 102% during the last 30 days and SUSD jumped 38.7%.

On Saturday, the stablecoin economic system instructions $55.4 billion in commerce quantity out of the combination $92.1 billion reported quantity. This implies with each commerce at present, 60.15% of the trades are paired with stablecoins. As an example, the main crypto asset when it comes to market valuation, bitcoin (BTC), has seen round 59.68% of at present’s swaps with tether (USDT). The second main crypto asset, ethereum (ETH), has comparable metrics as 51.45% of all ether swaps are with tether as properly.

What do you concentrate on the stablecoin market valuation over the last 17 days swelling round 3.59%? Tell us what you concentrate on this topic within the feedback part under.

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