As an experienced cryptocurrency analyst, I’ve seen my fair share of market fluctuations. Today’s news is particularly interesting as three coins in the top 100 have experienced price increases of 15% or more. According to CoinMarketCap, the total crypto market cap has increased by around 2.4%, and over $55.9 billion flowed in native blockchain assets in the past 24 hours.
I, as an analyst, have observed that among the top 100 cryptocurrencies, three coins have experienced impressive price surges of over 15% as the market recovers.
Based on data from CoinMarketCap, the overall value of all cryptocurrencies grew by approximately 2.4%. The current worth of these digital assets is estimated to be around $2.33 trillion. Over the last day, about $55.9 billion was added to the native assets of various blockchains.
Bitcoin (BTC) experienced a significant surge of approximately 3%, making it one of the most substantial gains among the top ten virtual currencies. This growth came on the heels of Solana’s (SOL) impressive 7% increase. However, both Bitcoin and Solana were overshadowed by Toncoin (TON), the cryptocurrency associated with The Open Network, which is backed by Telegram.
At present, the value of TON has risen by 17%, pushing its price above the $7 mark. Furthermore, Toncoin now outranks Dogecoin (DOGE) in terms of market capitalization and once more occupies the eighth spot among the leading cryptocurrencies.
In recent developments, the value of the token associated with Telegram has been making significant strides against Ripple‘s XRP. Although XRP holds a market valuation almost twenty percent larger, TON has experienced a remarkable surge over the past week, registering a 27% increase. Conversely, XRP has suffered a loss of approximately 2% during this same period.
As a researcher studying the cryptocurrency market, I’ve observed an intriguing development regarding decentralized storage tokens. Arweave (AR), in particular, has experienced significant growth, managing to narrow the gap between its competitors, Filecoin (FIL) and Internet Computer (ICP). Over the past day, AR surged by over 16%, reaching a trading price of more than $44 per coin.
Akash Network (AKT), a decentralized cloud platform allowing users to trade computing resources, experienced a significant surge in value, increasing by 27%.
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2024-05-10 17:47