The ether alternatives Sol and Dot exceed top tokens while the markets are recovering
The ether alternatives Sol and Dot exceed top tokens while the markets are recovering
- The overall market capitalization of the cryptocurrency has increased by 5 % to $ 1.27 trillion in the past seven days
- The dominance of Bitcoin is now more than 45 % - the highest level since October
The cryptocurrency markets recovered by 5 % last week, led by the Ether (Eth) alternative Solana (SOL) and Polkadot (DOT).
The native tokens of both blockchains exceeded the top 10 after market capitalization (without stable coins). Sol has increased by about 22 % in the past seven days, while Dot rose by 19 %.
In fact, half of the top 10 of non-stable cryptocurrencies increased by more than 10 %-Binance Coin (BNB); Cardano by 13 %; and XRP by 11 %.
Bitcoin (BTC) and ETH were also in the green area, with an increase of about 7 % and 6 %. The entire crypto market is now estimated at over $ 1.27 trillion, compared to $ 1.20 trillion last Thursday.
Despite the profits of the top alcohol, the Bitcoin dominance (which measures how much proportion of the BTC cryptocurrency market is) has once again exceeded 45 %-the highest level since October when BTC was worth $ 61,000. At the time of printing, BTC changed owners for around $ 30,200.
In addition to BNB, other local tokens of crypto bonds continue to organize impressive rally. Platforms spend these tokens on reward holders. Kucoin’s (KCS) based on the Seychelles developed particularly well thanks to a strong relaxation on Wednesday and rose by 42 % last week.
The price of KCS had almost halved last month and fell from almost $ 21 to $ 11.28. It is now being traded for $ 15. Meanwhile, Crorokt from Crypto.com from Singapore has achieved a return of 15 %in the past seven days.
The winnings of the FTT from FTX and the OKB from OKCOIN were more modest with 6 %. Huobis HT was traded flat, while Unus Sed Leo (Leo) from Bitfinex opposed the trend and fell by 3 %.
Leo has still risen by 30 % since the beginning of the year, thanks to an advantageous confiscation of 3.6 billion BTC at the beginning of this year, which were stolen by the platform in 2016. The markets for cryptocurrencies lost a total of 42 %during this time.
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The contribution ether alternatives Sol and dot outperform top tokens as markets recover is not financial advice.