Decentraland (MANA) Enters Top 50 After 300% Weekly Surge (Market Watch)

After another dip to just over $60,000, bitcoin has regrouped and currently stands close to $63,000. More impressive price performances come from some altcoins as Polkadot tapped a new all-time high hours ago, and Decentraland has entered the top 50 coins by market cap.

DOT ATH as MANA Enters Top 50

Ethereum tapped a new all-time high last week above $4,450 but retraced in the following days and lost over $200. However, it reacted well to the latest price slumps and has returned above $4,350 as of writing these lines.

Binance Coin has gradually increased in value ever since it broke above $500 last week. As of now, BNB stands above $540. Terra, Avalanche, Chainlink, and Litecoin have marked minor gains on a 24-hour scale.

Polkadot is the most significant gainer following an 11% increase. Consequently, DOT marked a new all-time high just hours ago at just over $50.

In contrast, Dogecoin, Ripple, Solana, and Cardano are slightly in the red from the larger-cap alts.

Decentraland, riding the waves of Mark Zuckerburg’s metaverse announcement, has added another 20% of value in a day. Moreover, MANA is up by more than 300% in the past seven days. As a result, it has become the 35th largest cryptocurrency with a market cap of $6 billion, according to CoinMarketCap.

More gains come from The Sandbox (65%), Loopring (55%), Audius (29%), Chiliz (19%), Ankr (18%), Enjin Coin (17%), 0x (13%), Kusama (12%), and Holo (12%).

The cryptocurrency market capitalization has remained at around $2.650 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Sits Around $62K

The primary cryptocurrency dipped below $60,000 yesterday before it shot up to above $63K. However, it failed to remain there, and the bears drove it back south to around $60,500.

As of now, it has recovered more than $1,000 and is close to $62,000 once more. Nevertheless, the gaining alternative coins have reduced BTC’s dominance over the market. The metric, which was up to 47% just a few weeks ago, is now down below 44%.

Yet, bitcoin’s market capitalization has remained above $1.150 trillion. The asset has been rather neglected from retail’s perspective in the past few weeks, as all eyes were focused on the meme coin mania.

Chart by TradingView

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

What do you think?

"stupid kid" nick name goes viral as BXH hack mystery unfolds

“stupid kid” nick name goes viral as BXH hack mystery unfolds

What does Cathie Wood say about the current craze for Bitcoin? Is it worth investing in?