USELESS Soars as Bitcoin Breakout Triggers Crypto Rally
Useless Coin (USELESS) has seen significant gains over the past 24 hours as Bitcoin's breakout triggered a speculative rally in the broader crypto market. The market capitalization of the overall market rose by 4.2% to $2.91 trillion, with the Fear & Greed index standing at 78.
The surge in USELESS is attributed to its breakout and the subsequent beta-led rally for more speculative assets. Additionally, the memecoin rotation has added momentum to the network's gains, with PEPE and other memecoins also showing significant increases in trading volume.
Whales have been taking advantage of the recent bullish push by buying up more orders, with 57% of the total supply held by whales worth over $1 million. The Open Interest has seen an 11% daily surge to $70 million, indicating increased leveraged positions.