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Bitcoin (BTC), the largest cryptocurrency by market cap, increased 2.3% over the past 24 hours and is now priced at $114,277. Ethereum (ETH), on the other hand, gained 3.0% in the same time frame, reaching a price of $4,428.63. Both coins have witnessed steady growth, reflecting greater market optimism.
Unlike the robust results of Bitcoin(BTC) and Ethereum (ETH), Solana (SOL) also showed a good upward trend. The coin has increased by 7.6% in the previous seven days, and its price is currently at $222.92. This increase is also remarkable, given the fact that Solana has received considerable attention over recent months due to its scalability and transaction speed.
Also Read: Urgent XRP Ledger Alert for Validators: What’s Causing the Latest Issues?
The native currency of the Ripple network, XRP, has also been gaining amazing momentum. In the past seven days, the coin increased by 5.9%, taking its price to $3.00.
Although XRP has gained insignificantly in the last 24 hours by 1.8%, the coin’s performance over the last week has proved that it is resilient. XRP will continue to play an essential role in the crypto-sphere, particularly as the case with it continues in the court and the technology gains more popularity.
Binance Coin (BNB) has also made notable strides, climbing by 1.6% in the last 24 hours to a price of $896.23. Similarly, Dogecoin(DOGE), the meme-inspired cryptocurrency, is up by 5.0%, currently valued at $0.2509. Dogecoin’s continued rise in popularity highlights the growing interest in meme coins, with investors flocking to speculative assets for potential high returns.
The market has also seen some unexpected surges in lesser-known coins. Naoris Protocol (NAORIS) experienced a tremendous growth of 94.4 percent in the past 24 hours, with a price of $0.07532. Worthless (WORTHLESS) and Sapien (SAPIEN) also experienced substantial returns of 45.7% and 34.1%, respectively, which shows that investors still have an open mind to investigate new projects within the crypto ecosystem.
Such dramatic price and trading volume growth of the smaller coins illustrates the instability of the cryptocurrency market. As always, investors should remain cautious and consider the risks associated with such high-stakes, speculative assets.
Also Read: XRP Surges as $426,000 in Shorts Liquidated After Shocking Inflation Data!
The post Crypto Market Update: Bitcoin, Ethereum, and Solana Show Significant Gains appeared first on 36Crypto.
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