Logo
Cardano Ecosystem

Zycrypto

03/20/2021

·

807 views


Altcoin Market Valuation Nears $600 Billion And The Rally Is Just Getting Started

While Bitcoin has been grabbing most of the headlines, altcoins have also been hitting new records recently.  Altcoins are now worth over $580 billion. Ethereum is still the most dominant altcoin with a $210 billion market cap. Tether, Cardano,...

Altcoin Market Valuation Nears $600 Billion And The Rally Is Just Getting Started

Altcoin Market Valuation Nears $600 Billion And The Rally Is Just Getting Started

Advertisement

&nbsp &nbsp

While Bitcoin has been grabbing most of the headlines, altcoins have also been hitting new records recently. 

While Bitcoin has been grabbing most of the headlines, altcoins have also been hitting new records recently. Altcoin Market Chart Via TradingView

Altcoins are now worth over $580 billion. Ethereum is still the most dominant altcoin with a $210 billion market cap. Tether, Cardano, XRP, Polkadot, Binance Coin, and Litecoin are the other largest altcoins, respectively.

Over the past week, altcoins have recorded incredible price surges, with some even doubling in value. Cardano has been one of the biggest gainers, registering 64% in the past week to rank fourth. Binance Coin at 72%, Stellar at 61%, EOS at 50.6%, TRON at 57%, and VeChain at 80% have been the extra big gainers. IOTA gained 121% to trade at $1.26.

Decentralized finance (DeFi) projects have also played a big role in the altcoin market rise. In just the past two months, the total value locked in DeFi projects has tripled in value to hit $40.1 billion according to DeFi Pulse. Maker leads the market with $6.70 billion, with Aave at $5.90 and Compound at $4.75 following suit.


Ledger Nano X - The secure hardware wallet


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Zycrypto

ORIGINAL SOURCE

https://zycrypto.com/altcoin-market-valu...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Zycrypto

See more
ADA to Reach $1? Cardano Sees Spike in Whale Transactions and Active Addresses
Zycrypto
ADA to Reach $1? Cardano Sees Spike in Whale Transactions and Active Addresses

last Saturday at 3:52 PM

·

8 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)