Bitcoin [BTC] is up by around 9.97% on the day, presently trading at ‘$7,467.12 USD‘ at the reporting time, in line with CoinMarketCap. While observing its weekly chart, the asset is up nearly above 22%, surging in price since the end of the week.
The second major cryptocurrency – Ethereum [ETH] is holding onto its position as the leading altcoin by market capitalization, that presently stands at $20.8 Bln. The second-largest altcoin – Ripple [XRP], presently includes a market cap of around $13.8 Bln at the reporting time.
As per data provided by CMC, Ethereum [ETH] is presently up nearly 12.31% over the past 24 hours. At the reporting time, ETH is presently trading at a price around ‘$201.78 USD‘. On the weekly chart, the coin has conjointly seen its price hike by nearly above 21%.
Within the Ethereal Summit held on 10th May, developers proclaimed that Ethereum founders Joseph Lubin and Vitalik Buterin along with their various organizations namely ConsenSys and the Ethereum Foundation – every donated 1,000 Ethereum [ETH] to the Moloch DAO [Decentralized Autonomous Organisation].
The 3rd largest cryptocurrency by market cap – Ripple [XRP] is up nearly 5.96% over the past 24 hours and is presently trading at around ‘$0.322 USD‘. While on the weekly chart, the coin is up by around 7.21%.
Within the list of top 20 cryptocurrencies, the coins with the foremost notable gains includes Bitcoin Cash [BCH], which is up by almost 25.72%, Tezos [XTZ], Cardano [ADA], Litecoin [LTC] are up by 16.35%, 15.53% and 15.26%.
Tether [USDT] while on the other hand, is the solely currency within the red zone at the reporting time, presently trading at a price $0.998 USD, down by 0.36% over the past 24 hours.
The total market capitalization of all cryptocurrencies is around ‘$221.996 Bln‘, over above 18% than its value reported a week earlier.
Just yesterday, financial advisory firm named ‘Canaccord Genuity’ has predicted the price of Bitcoin [BTC] to hit $20,000 USD by 2021.