19.4 C
Amsterdam
12 June 2021
PumpMoonshot
Image default
Altcoins

Altcoins are doing well, numbers are green today!

The cryptocurrency market has continued to grow considerably since February 18th. In addition to bitcoin (BTC), the altcoins also do well. The total market capitalization of the crypto market has grown by some $ 10 billion in the last 24 hours.

At the time of writing, the total market capitalization is about $ 134 billion. That is the highest point that the market has seen in nearly six weeks. Yesterday, at the start of the day, total capitalization was around $ 121 billion.

Bitcoin (BTC) grew by about 5% and almost broke the $ 4,000 limit. At the time of writing, the price is just above $ 3,900. Altcoins are doing even better; ethereum (ETH) even saw an increase of about 11% to $ 148.

But the biggest winner today seems to be EOS (EOS). The price of EOS has risen by around 25% in the last 24 hours from $ 2.85 to $ 3.60. In terms of daily volume, EOS increased from $ 2.6 billion to $ 3.3 billion. EOS has overtaken litecoin (LTC) and is now in fourth place of largest cryptocurrencies.

Bitcoin Cash (BCH) has also seen significant growth since the rally that started yesterday on February 18th. The price of BCH has risen by about 15% from $ 126 to $ 147. The total market capitalization of BCH even saw an 18% growth from about $ 2.2 billion to $ 2.6 billion.

BCH is getting closer to litecoin, but that does not mean that litecoin did not see growth. Litecoin has risen by some 9% from $ 44 to $ 48 and by volume 7% from $ 2.7 billion to $ 2.9 billion.

Even smaller altcoins such as cardano (ADA), NEO (NEO), stellar (XLM), iota (MIOTA), dash (DASH) and ethereum classic (ETC) all see growth of at least 7% and in some cases almost 10%.

What exactly caused these increases in the past 24 hours is still unknown, but it is beginning to appear that the market is starting to wake up from hibernation.

Image: Coin360.com

Related posts

Bank of England Advisor Criticizes Bitcoin and Crypto Assets Due to Failing at Basic Financial Tests

PumpMoonshot

XRPL Labs Founder Has a Proposal for Non-Fungible Tokens (NFTs) on the XRP Ledger

PumpMoonshot

The promise of smart contract adoption is held back by crypto silos

PumpMoonshot

Leave a Comment