The cryptocurrency market gained substantially over the weekend ahead of the Bitcoin 2022 conference in Miami this week.
All the major coins rose in value from Friday morning, led by market leader Bitcoin – the original cryptocurrency created by the mysterious Satoshi Nakamoto.
BTC moved from $44,750 to $46,235 at the time of writing (7am UK on Monday) over the three days.
The gain is despite the news last week that El Salvador, the first central government to adopt BTC as a national currency, had postponed its controversial $1 billion Bitcoin-backed bond.
With the Bitcoin 2022 conference set to run from Wednesday until Saturday – and big announcements expected – BTC is still down 2% on its price a week ago.
Ethereum, the second most valuable crypto coin – created as a decentralised network for smart contracts on the blockchain – rose from $3,250 on Friday to $3,506 today.
ETH, set for a huge upgrade soon, is up 5% over the course of a week.
Binance Coin is a cryptocurrency created by popular crypto exchange Binance to assist its aim in becoming the infrastructure services provider for the entire blockchain ecosystem.
Its BNB token added $27 to reach $448, leaving it 3% up over seven days.
Solana is a blockchain built to make decentralised finance accessible on a larger scale – and capable of processing 50,000 transactions per second.
Its SOL token rose from $121 on Friday to $136 today, leaving it 22% up on its price last Monday morning.
Terra, described as a programmable money for the internet and the year’s stellar performer, jumped $14 in the last three days.
Payment token LUNA is now at $115, 19% up in a week.
The XRP token of Ripple, a payment settlement asset exchange and remittance system, acts as a bridge for transfers between other currencies.
XRP rose a more modest 1 cent to 83c, which leaves it 5% down over seven days.
Cardano is an open source network facilitating dApps which considers itself to be an updated version of Ethereum.
Its ADA token, designed to allow owners to participate in the operation of the network, climbed from $1.13 on Friday to $1.19 today. It is down slightly over the course of a week.
Avalanche, a lightning-quick verifiable platform for institutions, enterprises and governments, came out of nowhere months ago to break into the top 10 currencies.
Its AVAX token is at $97.20, up $5 on Friday morning, and up 5% in a week.
Polkadot was founded by the Swiss-based Web3 Foundation as an open-source project to develop a decentralised web.
Its DOT token, which aims to securely connect blockchains, moved from $21.06 to $22.90 and is more or less where it was a week ago.
Meme coin Dogecoin was created as a satire on the hype surrounding cryptocurrencies but is now a major player in the space.
DOGE, famously backed by Tesla entrepreneur Elon Musk, added around 1c to 14.5c over the last three days yet it is 3% down in a week.
The overall market cap of the more than 18,600 coins is at $2.15 trillion, up from $2.06tr on Friday morning.
To see how the valuations of the main coins have changed in the last few days, click here.
For valuations of the top 250 coins by market cap plus 24-hour price change and volume traded, see below.
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