Altcoins & Bitcoin are experiencing a substantial increase in value, causing the cryptocurrency market to be highly active. The Telegram Open Network (TON) has recently experienced extraordinary popularity.
TON has entered the top 10 cryptocurrencies by market capitalization, as its price has increased by more than 10% in the past 24 hours. This remarkable accomplishment follows a robust week for TON, which has increased value by 15% over the past seven days. According to Coingecko’s data, TON’s market capitalization is nearly $18 billion.
Altcoins Rally as Bitcoin Nears All-Time High
BNB, the native token of the Binance chain, also experienced a substantial increase, rising by more than 11% in the past 24 hours to reach a price of $690. This remarkable rally has restored BNB’s market capitalization to the sought-after $100 billion threshold, which it has not achieved since early December 2021.
In the past 24 hours, Solana (SOL) has increased by more than 5% and is currently trading at $173. Avalanche (AVAX), Bitcoin Cash (BCH), and Uniswap (UNI) have experienced a 4.3% increase. In the past 24 hours, the percentages were 4.8% and 18.5%, respectively.
Although altcoins dominate the market, Bitcoin, the foremost cryptocurrency, has not been neglected. Bitcoin has also experienced a consistent increase, with a recent peak of $71,000, bringing it closer to its all-time high. This collective surge in the market suggests the potential resurgence of the “altcoin season,” a period in which altcoins outperform Bitcoin.
On the other hand, Ethereum, the second-largest cryptocurrency, is currently stable at $3,785 despite a 2% decline in the past seven days. Bitcoin has increased by more than 3% in the past 24 hours and is trading just above $71,000 at the time of writing.
