Crypto Currency News

Dogecoin and Ethereum Classic dominate weekly top with rises of more than 100%

From April 11 to 17, 2021, the crypto currency market is mostly green. More than 85% of altcoins have risen in price with increases of up to more than 100%, according to statistics from Coin Check Up.

The most appreciated crypto currencies in these seven days are led by Dogecoin (DOGE), which achieves a new all-time high driven by its followers on Reddit. It is followed by Ethereum Classic (ETC), which is also gaining popularity among followers on social networks; and Siacoin (SC), which this week began its hackathon on Skynet.

The weekly top is completed with Bitcoin Cash (BCH), which is getting ready for an upcoming network update; and Litecoin (LTC), whose value appreciates after the launch in Germany of a publicly traded product or ETP.

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The price of Bitcoin has continued to break its all-time highs and traded above $ 64,000 on April 15. On average BTC appreciated by 1.4% in these seven days, oscillating between 58,000 and 64,800 dollars.

The expected inclusion of Coinbase in NASDAQ that occurred on April 14, resulted in a new push for bitcoin and the crypto currency market in general, which had come to exceed 2 trillion dollars in capitalization. Also influenced the flows leaving the BTC exchanges to cold portfolios held by long – term holders.

Ether (ETH), for its part, also benefited from this momentum, appreciating 10.7% during the week. The price of ETH moved between $ 2,121 and $ 2,535 in seven days.

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In this period, the value of the crypto currency also reached a new all-time high, exceeding $ 2,500. ETH has benefited from developments in decentralized finance (DeFi) and, more recently, the great boom in non-fungible tokens (NFT), according to an analysis published by Crypto News.

Other relevant crypto currencies on the market are on the rise. Cardano (ADA) advances 12.6%; Polkadot (DOT) gains 6.2%; and Ripple’s XRP appreciates at 29.8%. This, while Litecoin (LTC) grows 40% and is located in the weekly top.

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