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.
https://businesscloud.co.uk/why-might-cardano-hit-all-time-high-in-september/
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.
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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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Cryptocurrency