Cryptocurrency

The cryptocurrency market was buoyant in the last 24 hours as Polkadot surged a massive 22%.

Investment in the proof-of-stake platform, which aims to securely connect blockchains, was kicked off by an announcement around its parachain auction process, where projects are allocated slots for building on the network.

The first of the auctions will begin on November 11. The DOT token’s response saw it hit almost $42 at the time of writing (7am UK), putting it 33% up in a week.

Binance Coin saw a second day of big gains, following a 9% rise in the previous 24 hours with a 7% jump.

The crypto created by popular exchange Binance – which supports more than 1.4 million transactions per second – aims to become the infrastructure services provider for the entire blockchain ecosystem.

Its BNB token reached $472 and is 9% up over seven days.

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Market leader Bitcoin topped £58,000 thanks to a 5% increase, sparking hopes that it could top its record price of more than $64k. It is 6% up in a week.

Smart contract blockchain platform Ethereum (ETH), the world’s second most valuable crypto, also grew 5% to around $3,650, 3% higher than its price last Thursday.

Cardano (ADA) climbed 3% to $2.17, down almost 1% in a week, while Ripple’s XRP was also up 3% to $1.14, 7% higher than a week ago.

Solana (SOL) was up 2% to $150, but its seven-day price is down 3%.

Meme coin DOGE reached 23.5 cents after a 4% climb, which puts it 4% down over seven days.

The overall market cap of the almost 12,700 coins is at $2.38 trillion, a 3.9% increase in the last 24 hours.

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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.