With the cryptocurrency market cap now over $2 trillion, Ripple, EOS, Cardano, Terra, and Dogecoin all marked their own price pumps. The price of CRO, a small altcoin, is up about 6%, while Polkadot is up about 8%. Other coins that are up in the past 24 hours include Zilliqa, EOS, VeChain, ICP, and eCash.
Other cryptocurrencies are also seeing strong gains. Waves and Terra have charted new highs above $100, and Ripple is up 60% in one day. Ethereum is reclaiming its prior two-trillion-dollar mark, while Ripple and Ethereum are surging to their respective 3-month highs. Even though this market is still in a correction phase, it’s still far ahead of its peers in terms of price.
Ethereum Classic (ETH) also rose along with the market on March 22, to ignore the so-called “death cross” on the weekly chart. Meanwhile, the ETC Group has launched three new cryptocurrencies ETPs, which track seven smart contract platforms. This could be a good time to buy on dips, as it may signal a new uptrend.
After the weekend’s lull, the Bitcoin price has climbed above $48,000 in a day. Alternative coins like Avalanche, Solana, Polkadot, and Dogecoin are all in the green. Several altcoins hit four figures in the last 24 hours, but the bitcoin price retraced slightly and is hovering around $44,000-$45,000.
The crypto market has been red on Friday, but it’s climbed back above its previous low. The U.S. Securities and Exchange Commission has been investigating bitcoin and other cryptocurrencies. In addition, the US Federal Reserve has raised interest rates by 25 basis points. Moreover, privacy coins, such as the ADA, are proving to be highly popular and making their way up the charts.
The crypto markets are gaining momentum, and Bitcoin closed at $48,000 on March 16th. The other altcoins have been rising as well, with Solana, Polkadot, and Avalanche breaking $40,000. Even the Shiba Inu, Dogecoin, and Ether are all in the green. While the crypto exchanges are working on launching their native tokens, there are still several ways to get involved in the market.
While Bitcoin is nearing the overhead resistance levels, most major altcoins have risen significantly since then. They’re currently trying to hold above immediate support levels, which could signal a change in a short-term trend. And select altcoins, such as XRP, have been booming as well. The total value locked in the Cardano DeFi ecosystem has grown by 113% over the past month and has reached $272 million.