Ethereum

Solana

Hedera

Polygon

In the realm of cryptocurrency, the recent data from on-chain analytics firm Kaiko has captured the attention of investors and enthusiasts alike. Altcoins, along with Ethereum (ETH), now command a staggering 60% of the total market share in terms of weekly trading volume, surpassing Bitcoin (BTC) by the highest margin seen in over a year.
Altcoin volumes are up 📈The market share of altcoin + ETH spot volume relative to BTC has risen to 60%, its highest level in more than a year. Altcoins outperform Bitcoin 
Over the last 28 days, plenty of cryptocurrencies, including Solana (SOL), Polygon (Matic), Ripple (XRP), and various altcoins, have outperformed Bitcoin in terms of percentage return, signaling a changing trend in investor sentiment.
Despite the altcoin surge, Bitcoin continues to maintain its position as the world’s largest cryptocurrency, trading near $36,150 with a 1.5% increase in the last 24 hours. With a total 24-hour trading volume nearing $23.10 billion, Bitcoin maintains its top position on Coinmarketcap based on market cap. However, its market dominance has slipped to 50.81%, down by 0.27% over the last 24 hours. Major altcoins experience significant momentum 
Notably, major altcoins have experienced significant momentum in the last 24 hours. Ethereum (ETH) is trading near $2013, showcasing a 1.7% increase. Solana (SOL) has surged by an impressive 9.5%, reaching a trading price of $62, while Hedera Hashgraph (HBAR) is up by 3%, trading near $0.06. Other altcoins, including Cardano (ADA) and Polkadot (DOT), have also shown gains of 3.5% and $4.3%, respectively.
This surge in altcoin activity follows the approval of <a href="https://news.todayq.com/blackrock-lays-its-eyes-on-ethereum-etf/" rel="noopener noreferrer nofollow">BlackRock’s spot Ether ETF</a>, indicating a growing interest in alternative cryptocurrencies.
In response to the heightened demand for altcoins,<a href="https://news.todayq.com/binance-japan-to-open-trade-for-13-new-cryptos/" rel="noopener noreferrer nofollow"> Binance Japan is set to introduce 13 new coins</a>, including Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), and Gala (GALA). Additionally, Binance Japan will enable spot trading for these cryptocurrencies starting November 27, 2023, as reported by Todayq News.
Investors are showing particular interest in major altcoins such as XRP and Matic due to their nature and the backing of banking giants. These altcoins have received <a href="https://news.todayq.com/bank-of-american-bank-teams-up-with-ripple-for-reshaping-cross-border-payments/" rel="noopener noreferrer nofollow">praise for their innovative crypto projects</a>, with indications that adoption by major financial institutions may be on the horizon.
© Todayq News

Altcoin season incoming? ETH, SOL, XRP post gains

Todayq News

Other articles published on Nov 15, 2023

US Wholesale Inflation Falls for First Time in 4 Months

Avalanche and JP Morgan’s Onyx Pioneer Tokenized Asset Management, Boosting AVAX!

Kevin O’Leary Says Crypto Exchange M2 Will Compete With Binance

Is The BlackRock XRP ETF Filing Real? Authorities Begin Investigation

Cardano Price Faces Brief Correction as Crypto Market Struggles

KuCoin Lists Creator Protocol Token Atem Network on Spot Trading

Join our free newsletter for daily crypto updates!