Cardano (ADA) explodes 20% as crypto market cap targets $ 2T (market watch)

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After falling below $ 45,000 again, bitcoin rebounded and recovered $ 46,000. Most altcoins, however, have outperformed their leader. The most obvious example comes from Cardano (ADA), which has jumped 20% in the past 24 hours.

ADA explodes by 20% as ETH recovers $ 3.2,000

The performance of alternative parts has been rather impressive in recent days. Ethereum is up 30% on a weekly scale after passing through the London Hard Fork. In the past 24 hours alone, ETH has climbed above $ 3,200 and hit a new multi-month high of over $ 3,240.

Other gains are evident with Dogecoin (3%), Polkadot (4%), Uniswap (2.5%), Solana (5%), Litecoin (4%), Bitcoin Cash (3.5%) and Chainlink ( 6%).

Binance Coin is also well in the green (9%) after new listings in innovation zones. As a result, BNB touched close to $ 400 for the first time in months.

However, Cardano is the most impressive performer in the top ten. ADA jumped about 20% in one day and currently stands at $ 1.77 – the highest price since June 4.

It comes amid Charles Hoskinson’s revelation that the team will announce the smart contract launch on Friday.

Overview of the cryptocurrency market. Source: quantifying crypto

The top 100 coins have a new representative against IoTeX (IOTX). Assets climbed 175% in one day and 340% in one week to $ 0.086.

Axie Infinity (62%), Ravencoin (33%), Holo (30%), Hélium (25%), Flow (15%), Terra (15%), Kusama (14%), IOTA (13%) and Polygon (10%) complete the double-digit price pump club.

In the end, the cumulative market cap of all crypto assets grew by $ 60 billion per day and topped $ 1.9 trillion for the first time since May.

Bitcoin back above $ 46,000

The main cryptocurrency has also benefited from the past few days after collecting $ 40,000 over the weekend. It peaked at $ 46,800 yesterday, which became the highest price line in more than two months, but came back quite quickly amid tax shifts in the United States.

In fact, it fell to around $ 44,600, but the bulls immediately regained control and pushed him north again. In the hours that followed, BTC added over $ 1,500 in value and passed $ 46,500 again.

For now, however, bitcoin has corrected again slightly but still sits above $ 46,000. Its market cap is again north of $ 850 billion, but dominance fell 1% in one day as altcoins rose sharply.

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