Ether has seen more gains than the bitcoin boom. After the Ethereum-based cryptocurrency lost over 20% yesterday, the second most popular cryptocurrency has risen significantly today compared to its price the day before (Monday). Ether is currently priced at $4,424 (approximately Rs 3.3 lakh) on CoinSwitch Kuber, while the second largest cryptocurrency by market cap by valuation on global exchanges is pegged at $4,295 (approximately Rs 3.2 lakh). Gadgets 360’s cryptocurrency price tracker shows that the Ethereum-based cryptocurrency has seen its prices drop by around 7.5 percent over the past two weeks, from an all-time high of $4,870 (roughly Rs.
“The cryptocurrency market has been very volatile in the last 24 hours. The largest crypto by market capitalization, Bitcoin, hit the $58,000 mark. Apart from the top three cryptos, most other cryptocurrencies remained in a limited movement. Bulls in the coming 24 hours Could prove to be a good session for the future if BTC remains above the $58,000 mark (approximately Rs 43.2 lakh).” Edul Patel, CEO and co-founder of crypto investment platform Mudrex, expressed optimism for the market.
Where yesterday’s market tracker was painted red, today’s day is looking quite the opposite. Cardano, Tether, Ripple, Polkadot, and Litecoin have all increased in price over the past 24 hours. While Monero was the only crypto on the chart that saw a drop in value. Monero stands in the top 50 coins by market capitalization and has grown by 83 percent in its valuation over the past year.
Mime Coin DOGE and Shiba Inu have also seen gains after several days of decline. Dodgecoin is currently trading at $0.22 (approximately Rs.16.69) with an increase of 1.83 percent in the last 24 hours. At the same time, the price of Shiba Inu increased by 0.57 percent to $ 0.000041 (approximately Rs. 0.003041).
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