According to Gadgets 360’s crypto price tracker, the price charts of most altcoins showed volatility on Monday. Binance Coin, Ripple and Cardano saw losses of less than one per cent, but Terra, Solana and Avalanche fell 5.79 per cent, 3.56 per cent and 3.86 per cent, respectively.
Mime Coins – Shiba Inu and Dogecoin prices are not recovering. This week also these coins have started trading with a loss of 2 per cent.
However, Ether’s position has stabilized amidst the loss of all the coins. The price charge of this second most valuable cryptocurrency in the world by market cap has seen profits. According to CoinMarketCap, Ether is trading at $2,907 (about Rs 2 lakh) with a profit of 0.44 percent. Along with this, Tether, USD Coin, Binance USD and Chainlink have also made profits. Underdog cryptocurrencies such as Qtum, SushiSwap, Augur, DOGEFI and Bitcoin Hedge have also posted modest gains.
Efforts are being made to bring stability in this sector. In recent days, Dubai has received approval for its crypto laws. US President Joe Biden has signed a program order from government oversight of the cryptocurrency industry and the European Union has voted against a bitcoin ban. These decisions have given positive signs about the future of crypto. The Australian government has also started taking feedback from businesses and people about digital assets.
However, the overall market for the cryptocurrency sector has risen slightly over the past week. According to CoinMarketCap, it is currently at $1.84 trillion (about Rs 1,40,62,231 crore). On March 17, the same figure was $ 1.82 trillion (about Rs 1,38,57,131 crore).
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