As Bitcoin continues its climb toward the $100,000 mark, altcoins are also seeing significant price increases. Ethereum (ETH), the second-largest cryptocurrency, saw a rise of 3.25% on Saturday, reaching $3,424.59. Its weekly gains of 7.83% outpaced Bitcoin, according to CryptoSlate data. However, Ethereum’s price remains almost half of its all-time high of $4,864.11, with its market capitalization at $409 billion.
Solana and Dogecoin’s Strong Performances
Solana (SOL) posted a modest increase of 0.24% on Saturday, but its price has surged 19.35% over the last seven days. SOL reached an all-time high of $264 on Friday. Meanwhile, Dogecoin (DOGE) saw a significant increase of 15.12% this past week, with a price of $0.42 at the time of writing. Over the past month, DOGE has gained more than 37%.
XRP and Cardano’s Impressive Growth
Despite a 2.34% dip today, XRP has increased by more than 180% over the past month. Among the top 10 altcoins, Cardano (ADA) achieved the highest weekly gains, rising 36.81% to $1.03, with a market cap of $36 billion. On Saturday, ADA climbed 7.12%, and over the past 30 days, its price has surged by over 200%.
Avalanche and Tron on the Rise
Avalanche (AVAX) has made impressive strides, rising 18.8% over the last seven days to $41.43 on Saturday. In the past month, AVAX’s price has surged over 60%. Tron (TRX) saw a near 6% increase on Saturday, reaching $0.21. Over the past month, TRX has gained over 28%.
Toncoin and Stellar’s Monthly Gains
Ton (TON) rose nearly 16% on Saturday to $6.36, marking a massive monthly gain of around 85%. Stellar (XLM) saw a dramatic 66% increase today, reaching $0.49. Over the past month, Stellar has surged by 430%, according to data.
Polkadot and Kusama’s Rapid Growth
Polkadot (DOT) experienced a 35.93% rise in the last 24 hours, with a price of $8.60 at the time of writing. Today’s biggest gainer is Kusama (KSM), which jumped over 111% in the past 24 hours to reach $46.05. Despite this impressive increase, Kusama’s price remains 93% below its all-time high.
Bitcoin’s Influence on Altcoin Rally
Bitcoin’s continued positive movement often sparks rallies in altcoins, and this trend is holding true. Since Donald Trump’s victory in the U.S. presidential election earlier this month, market optimism has driven Bitcoin’s price up by 44% in the past 30 days. Despite a slight dip of 1.01% on Saturday, Bitcoin is still on track to hit $100,000 in the coming weeks, with altcoins closely following its lead.
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