The Total Crypto Market Capitalization Has Crossed the $3.5 Trillion Mark, with Several Altcoins Outperforming Others

The total crypto market is currently at $3.51 trillion, adding about $358 billion in valuation. Dogecoin and Cardano were top performers this week

The total crypto market capitalization has crossed the $3.5 trillion mark, with several altcoins outperforming others.

The total crypto market is currently at $3.51 trillion, adding about $358 billion in valuation.

Dogecoin and Cardano were top performers this week, recording significant growth amid the bull run which pushed the total crypto market capitalization past $3.5 trillion.

Bitcoin is yet to hit the $100,000 milestone which the entire industry is waiting for despite coming so close. Buyers attempted to push Bitcoin past this $100,000 psychological resistance with the crypto asset coming as close as $99,000.

The surge in Buying momentum spilled into the altcoins and got them to overperform.

Dogecoin rose by 27% this week maintaining its position as one of the top-performing altcoins. The memecoin hit a yearly peak of $0.48 yesterday but has cooled to $0.4287 at the time of this report.

“(Dogecoin)’s prices are back surging here towards the $0.6533 and can be heading towards a meeting & breaking of it! Another +52.2% upside could be well on the way, coming quickly, and with a break above $0.6533, $1.25+ comes into play”

Meanwhile, considering other technical indicators like the upper Bollinger Band and Relative strength index the recent rally could suffer a pullback as the RSI indicates that the asset is at the moment overbought.

Cardano hits $1

Cardano is another altcoin that performed well during the week. The altcoin crossed the $1 price level during the week for the first time still April 2022.

Increased whale activity reveals heightened interest in the Altcoin following its performance this week.