Top 5 Cryptocurrencies Influence the Market With Major Rally

• The global crypto market reached a $1.13 trillion range by soared over 5.17% in a day.
• Bitcoin price nearing to may high of $29K range.

The global cryptocurrency market surges as top coins reach new rallies with significant price changes. In a remarkable turn of events, the market leader Bitcoin (BTC) has experienced a surge of more than 7.5% in the last 24 hours, bringing its price to around the $29,000 range. This indicates a positive movement in the market.

At the time of writing Bitcoin trading price was $28,811 and a trading volume of $26 billion, which skyrocketed over 75%.

Overall, the mentioned top cryptocurrency and the top altcoins have a positive trend, showcasing increased investor confidence and market activity. Here’s a breakdown of the latest price analysis for the top five cryptocurrencies. 

Ethereum (ETH) Powers Forward 

Market Cap: $218B

24-hours Volume: $8B

Ethereum, the second-largest cryptocurrency, has displayed impressive growth, rising by over 4.8% in just one day. At the time of writing ETH traded at $1,813 and 24 hours trading volume climbed 52%.

Over the past week, ETH  has witnessed a steady increase of 3.7%, solidifying its position as a dominant force in the market. This indicates growing investor interest and positive market sentiment surrounding Ethereum’s potential.

Cardano (ADA) Makes Stride 

Market Cap: $108B

24-hours Volume: $260M

Cardano, a blockchain platform known for its innovative features, has demonstrated remarkable progress, recording an 8% surge within the past day. At the time of writing, ADA traded at $0.2786 with a 24 hours trading volume rise of 69%. Over the course of the week, Cardano has shown a 2% increase, attracting attention and investor confidence.

Solana (SOL) Continues its Upward

Market Cap: $7B

24-hours Volume: $296M

Solana, a high-performance blockchain network, has experienced significant gains with a 4.5% increase in the last 24 hours. Impressively, Solana’s value has skyrocketed by 10% over the past week, marking its prominence in the crypto landscape. At the time of writing SOL recorded the trading price of $16.79 and 24-H volume rise of 60%.

Polygon (MATIC) Amid Positive Momentum

Market Cap: $6B

24-hours Volume: $319M

Polygon, a scaling solution for Ethereum, has witnessed a remarkable surge of over 7% in a single day. At the time of writing, MATIC traded at $0.6516 with a 24-H trading volume surge of 36%. Despite a more modest increase of 0.5% over the week, Polygon’s recent momentum is a testament to its growing popularity and adoption.

Avalanche (AVAX) Roars with Growth 

Market Cap: $4B

24-hours Volume: $139M

Avalanche, a decentralized platform for dApps, has gained considerable traction, surging by approximately 7.2% in the past day. Over the course of the week, Avalanche has experienced a solid 3.5% increase, demonstrating its potential and capturing investor attention. At the time of writing, AVAX traded at $12.30 and has 24 hours trading volume climbs of 48%.

This widespread surge across the top cryptocurrencies signifies a renewed bullish sentiment in the market, with investors flocking to digital assets for potential gains.