The cryptocurrency market is recording some positive activity as Bitcoin (BTC) is closing in on $100, with Ethereum (ETH) showing strength and Solana (SOL) hitting some serious green numbers with the rise of other major altcoins
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Bitcoin (BTC) is nearing the doorstep of the much-anticipated $100K level, adding 1.09% to its value in the last 24 hours. As BTC continues to spearhead the market, buyers are displaying confidence in further cementing Bitcoin's position as the leader of this volatile market.
Meanwhile, no. 2 crypto giant Ethereum (ETH) is still maintaining its dominance over DeFi and the smart contract ecosystem. Although gains over the last 24 hours may seem fairly modest at 0.45%, more projects are showing confidence in integrating with Ethereum's blockchain technology.
On the other hand, XRP remains a strong performer with a positive 2.10% price change in the last day. Its strong presence in cross-border transactions and being partnered with financial institutions gives XRP significance in the overall crypto space.
Furthermore, Solana (SOL) is fully on fire, gaining 10.91% in the last week. Its fast transaction speeds and low fees are making the chain a very attractive option for decentralized finance (DeFi) and gaming applications.
Lastly, Dogecoin (DOGE) is among the more popular meme coins, having risen 0.79% in the past 24 hours. The growing use of Dogecoin for payments and social tipping ensures ever-increasing attention toward this asset.
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