The RabBitcoin (RBTC) and Peanut the Squirrel (PNUT) were the best-performing cryptocurrencies on Monday as most altcoins jumped and the fear and greed index moved to the greed zone of 75.
The RBTC token jumped to a high of $0.000029, up by over 760% from its lowest point last week, giving it a market cap of over $236 million. Similarly, the PNUT token surged by over 227% in the last 24 hours, bringing its valuation to more than $367 million.
RabBitcoin and PNUT prices are surging
RabBitcoin, the native token for the RockyRabbit’s Telegram ecosystem is surging as investors embrace the fear of missing out (FOMO) as its ecosystem grows. This is evidenced by the fact that its volume in the spot and futures market has jumped.
According to CoinGecko, the 24-hour volume rose to over $21.1 million, with most of it being in LBank, KuCoin, MEXC, and Gate.io. As such, there are signs that the token will be listed by other popular layer-1 exchanges like Binance, OKX, and Coinbase as its popularity rises.
RBTC token has also jumped as other tokens in the Telegram ecosystem like Hamster Kombat, Citizen, and Notcoin have all jumped by double-digits in the past few days.
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Meanwhile, the PNUT token jumped after Binance announced that it would list the token with a seed tag applied. It will also list The AI Prophesy (ACT) token, which also soared by over 300% on Monday. Most of the PNUT trading volume was happening on Raydium, Bitget, and MEXC.
Crypto fear and greed is rising
Most importantly, the PNUT and RBTC tokens are soaring as most coins jump. Bitcoin has already moved to over $80,000, and analysts believe that it will get to $100,000 soon. The market cap of all coins has jumped to over $2.9 trillion, and it could cross the $3 trillion level soon.
The crypto fear and greed index has continued rising, moving to the fear zone of 37 two weeks ago to the greed area of 75 today. In most periods, cryptocurrencies do well when there is a sense of greed in the market.
RBTC and PNUT tokens also surged after Donald Trump won the election last week, and the Federal Reserve slashed interest rates by 0.25%.
The risk, however, is that these coins will move from a period of accumulation to distribution, leading to a steep sell-off. Indeed, some of the worst-performing cryptocurrencies on Monday like PepeCoin, Moo Deng, Cow Protocol, and Swell were some of the best performers last week.
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