The cryptocurrency market climbed a huge 4.9% in the last 24 hours, with all the major coins seeing a spike in value.
At the time of writing (7am UK), the 11,500 coins are worth a collective $2.21 trillion.
Cardano led the charge. Its ADA token, worth only 18 cents at the start of the year, is now at $3.08 following an 11% boost in the last 24 hours.
The proof-of-stake blockchain platform – which has risen to third spot in the valuation league table in recent weeks – is up 18% in a week.
Smart contract blockchain platform Ethereum, whose ETH token is the world’s second most valuable crypto, leapt 7% to close on $3,800. It is 20% up on its price last Thursday.
Market leader Bitcoin (BTC) is closing on $50,000 again after gaining 5% in the last 24 hours. It is 5% up over seven days.
The market may have been boosted by plans unveiled this week by Twitter co-founder and CEO Jack Dorsey to transform Bitcoin into the ‘native currency of the internet’. His venture TBD is building a decentralised crypto exchange that will make Bitcoin more accessible globally.
Reports have also surfaced that Twitter may soon add the ability to tip other users with Bitcoin.
Ripple’s XRP coin rose 3% to reach $1.24. It is 11% up over seven days and investors will be hoping it can return to the $1.30 level it reached a couple of weeks ago.
Binance Coin (BNB) climbed 4% to reach $489 and is 1% up in a week.
Meme coin Dogecoin (DOGE) broke back through 30c after a rise of 7% and is also 7% up over seven days.
Solana (SOL), which is at a record high of $113 and now eighth in the price table of the world’s most valuable cryptos, climbed 2% and is a massive 66% up in a week.
This open-source project is designed to facilitate the creation of decentralised apps. Also able to execute smart contracts by utilising proof-of-history technology, it can process 50,000 transactions per second.
Polkadot (DOT) is the other non-stablecoin in the top 10. Following a 5% rise, the token – a proof-of-stake cryptocurrency which aims to securely connect blockchains as a sort of decentralised internet – is at $32.01 and 28% up in a week.
FTX Token (FTT) saw the biggest rise among the top 100, climbing 37% to $67.96. It is 50% up on its price a week ago.
To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.
For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.
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