The crypto currency market has experienced substantial growth in the last 24 hours. Cryptos like Ethereum, BNB, MATIC and others have gone up from their previous positions. Others to rise from their positions are the Layer-1 blockchain network tokens like ADA,SOL and AVAX have risen from their previous positions. Memecoins like Shiba Inu and Dogecoin are also in the green list. Stablecoins remained pegged to $1.
Tuesday morning saw little change in the price of cryptocurrencies. The market capitalization of all cryptocurrencies worldwide has increased by 1.63 percent, reaching $934.64 billion. Within a 24 hour total market volume of $50.42 billion, cryptocurrencies have seen a 30.97% increase. The total volume of all stablecoins is $47.12 billion which is 93.46 percent of the total crypto market in 24-hour volume.
Bitcoin, Ethereum and BNB :These three currencies have been on the green list over the last 24hours. The trading rate of Bitcoin is $19,524 which has risen by 1.66 percent. It dominates with a rate of 40.08 percent. The native token of Ethereum network has increased by 2.58% and is currently trading at $1,332. The native crypto currency of Binance Smart Chain , BNB, witnessed an uptrend of 1.03 percent.
By remaining at $1, the Stablecoins didn't show much volatility. The value of the USDT Stablecoin decreased by 0.01 percent since yesterday and is currently trading at $1. The price of USDC stablecoin increased by 0.01 percent to $1. There has been a growth of 0.04% in the stablecoin DAI and is trading at $1. BinanceUSD or BUSD witnessed a 0.02 percent negative change in its value over the last 24 hours. The stablecoin is trading at $1.
Over the past 24 hours, all leading cryptocurrencies that are native to layer 1 blockchain networks, including Ripple, Solana, Avalanche, and Cardano, have also demonstrated favourable momentum.Avalanche's AVAX gained 2.67 percent, while Solana blockchain's SOL had a 3.39 percent increase. ADA for Cardano exhibited a 0.31 percent upward trend. Ripple's XRP gained 1.42 percent.
Both the native cryptocurrencies of Polkadot and Polygon, DOT and MATIC, showed signs of growth. In the past 24 hours, the MATIC crypto token from Polygon has increased by 7.01% and the DOT token has increased by 1.44 %.
Memecoins had a strong upward trend. Shiba Inu, a meme coin, has increased 1.10 percent in value over the past day while Dogecoin has increased by 1.69 percent. Overall, during the past 24 hours, the bulk of the leading cryptocurrency tokens have seen an upward trend from their prior levels.