Bitcoin has surpassed the historic $100,000 level and is currently hovering around $99,000. The rally in this major cryptocurrency brings renewed optimism to the overall crypto market and signals broader acceptance and growth in the space. This week, let's dig into other cryptocurrencies that deserve your attention.
Ether (ETH), the second largest cryptocurrency by market capitalization, has been on a steady upward trajectory for quite some time. The main driver of this growth has been investment inflows into the Spot Ether ETF, which began on November 22nd, but has yet to see any outflows.
The native token of the Ethereum blockchain is currently trying to cross the $4,000 mark, indicating solid momentum in the market.
Ether is currently trading at $3,800, marking an increase of over 7% in one week.
BNB, formerly known as Binance Coin, is the native cryptocurrency of Binance, the world's largest cryptocurrency exchange by trading volume.
As the sixth largest cryptocurrency by market capitalization, BNB has shown bullish momentum in recent days. The surge followed a post on X by Binance co-founder Qiao Changpeng, popularly known as “CZ,” which suggested that altcoins, cryptocurrencies other than Bitcoin, are poised to outperform.
Currently, BNB is trading at $730, reflecting a notable increase of 13%.
Founded in 2017 by crypto entrepreneur Justin Sun, the TRON (TRX) blockchain network aims to decentralize the internet. It aims to provide an alternative to the Ethereum blockchain network by hosting decentralized applications, also known as dApps.
The cryptocurrency market is gaining momentum after Justin Sun invested $30 million in President-elect Donald Trump's cryptocurrency project. Earlier, Mr. Sun purchased a piece of art that featured bananas duct-taped to a wall for $6 million.
Tron is currently trading at $0.30, an increase of over 45% in one week.
SUI (SUI) is the native cryptocurrency of the SUI Layer 1 blockchain, designed for high transaction speeds and seamless smart contract execution.
Recently, Phantom Wallet, one of the market-leading crypto wallets, announced plans to support the Sui blockchain network. This announcement further pushed up Sui's price and increased investor interest.
Currently, Sui is trading at $4 and has posted an impressive weekly growth of over 23%.
Uniswap (UNI), the native token of decentralized cryptocurrency exchange Uniswap, has seen notable increases over the past week. This spike is primarily due to increased activity on Uniswap, highlighting how Uniswap is attracting investor attention.
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