Bitcoin is still on a race to reach $100,000, but altcoins have seen massive gains. Ethereum (ETH), which is the second largest cryptocurrency, climbed 3.25% up to $3,424.59 CryptoSlate data shows Bitcoin has a weekly gain of 7.83%, while Ethereum’s is 7.83%. Although the price of the biggest altcoin has fallen to less than half its previous high of $4864.11, its market capitalization is still $409 billion.
Solana (SOL), despite a modest gain of 0.24%, has seen its price rise by 19.35% within the past week. SOL reached a record high of $264 last Friday. Dogecoin price (DOGE), which was $0.42 when this article was written, has increased by 15.12% during the past seven days. The DOGE price has increased by 37% since last month.
Although XRP price fell by 2.34% today, the cryptocurrency’s price has climbed by over 180% over the past month.
Cardano (ADA), among the top 10 altcoins in the world, has posted the biggest gains this past week. It climbed 36.81%, to $1.03, with a current market cap of $36 billion. On Saturday, Cardano gained 7.12%. The ADA has grown more than 2000% in just 30 days.
Avalanche’s (AVAX), price reached $41.43 Saturday, a significant increase of 18.8% in the last seven days. AVAX prices have increased over 60% in the past month.
Tron’s (TRX) value rose by almost 6% over the weekend to $0.21. Altcoins have seen gains of more than 28% in the last 30 days. Ton’s (TON), on the other hand, saw its price increase by 16% over the weekend to $6.36. The altcoin’s monthly gain stands at around 85%.
Stellar (XLM), the altcoin, has seen its price increase by more than 66% today. It now stands at $0.49. Over the past month, the altcoin’s price has increased by 430%, data shows. Polkadot’s (DOT) price has risen by 35.93% in the last 24 hours, and was $8.60 when this article was written.
Today’s biggest gainer is Kusama (KSM), which grew by over 111% over the past 24 hours to $46.05 at the time of writing. But even with today’s gains, the altcoin’s price is still 93% below its all-time high.
It is not the first time that a sustained upward trend in Bitcoin’s price has triggered an altcoin rally. Bitcoin’s price has increased by 44% in the last 30 days since Donald Trump’s victory at the U.S. Presidential election earlier this week. This boost to market optimism has led to a sustained upward movement. Bitcoin, despite a slight dip on Saturday of just 1.01% is still on course to reach $100,000 in the next few months. Altcoins will follow suit.
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