In the crypto money world, Bitcoin is dominating the crypto market with its rising price. It’s also important not to overlook other major altcoins. Ethereum, Cardano, XRP, Binance Coin and more are quietly gaining momentum. They also point to a parallel rise in social dominance. Let’s take a look at our post about these top 5 crypto market cap giants that align with the flagship of decentralized finance (DeFi) asset
Bitcoin BTC social dominance and price rise
Bitcoin’s social dominance reached 23.95% on June 28. Accordingly, it has outstripped other cryptocurrencies. Since the beginning of the year, the cryptocurrency Bitcoin has experienced a price increase of 82.09%, reaching $31,022. With 2.13% weekly gains and 14.24% monthly growth, Bitcoin’s bull market continues.
On the other hand, the value of the cryptocurrency Ethereum, the leader of altcoins, has also increased. It rose 52.97% from $1,197 to $1,954.61 since January. It is currently up 4.25% weekly and 2.87% monthly. The upcoming Dencun upgrade adds anticipation to Ethereum’s orbit.
Cryptocurrencies Cardano and XRP
Cardano has seen a 9.5% price increase since the beginning of the year, from $0.2466 to $0.29. Cryptocurrency Cardano, which posted a 4.65% gain last week, including a notable partnership for non-exchangeable tokens (NFTs) with Vodafone, remains an interesting prospect despite a 22.86% loss last month. continues.
On the other hand, there are positive developments in XRP amid regulatory challenges. Accordingly, in the observed period, XRP gained 34.86% from $ 0.3411 to $ 0.49. There are positive developments surrounding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple. Accordingly, these contributed to a 1.93% weekly increase. However, there was a loss of 7.15% during the month.
BNB’s regulatory challenges and integration efforts:
Binance Coin (BNB) has faced regulatory hurdles. But he continues to take steps. Despite a 7.1% price drop from $246.48 to $229 since the start of the year, BNB is showing a 2.95% weekly gain. The fact that Binance has integrated the Bitcoin Lightning Network for deposits and withdrawals further highlights its potential.
cryptocoin.com When we look at it, Bitcoin maintains its dominance. On the other hand, it is very important to keep an eye on Ethereum, Cardano, XRP, Binance Coin and other major altcoins. Their social dominance, market growth and recent developments point to a promising future in the ever-evolving crypto landscape.
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