$100 Billion Crypto Price Boom Shows These Coins Will Leave Bitcoin And Ethereum In The Dust

Bitcoin
Bitcoin
Ethereum and Ethereum, the two largest cryptocurrencies, surged this week, helping the combined crypto market add about $100 billion.

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Bitcoin’s price rose 12% last week, while Ethereum’s price added a similar amount as the predicted market quake rocked stock and crypto markets.

However, Bitcoin and Ethereum gains pale in comparison to the gains seen in some smaller cryptocurrencies this week (including the viral meme-based Dogecoin Challenger).

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Forbes details$5 trillion in 2023?Former Crypto Billionaire Doubles Huge Bitcoin Price PredictionTo billy bambrough

FxPro Senior Market Analyst Alex Kupzikevic said in an email.

Two major Ethereum rivals, Cardano and Solana, have each surged more than 20% since this point last week.Solana
Sol
It suffered in the aftermath of the FTX collapse due to its close ties to founder Sam Bankman Freed.

Further down the charts, another Ethereum rival emerging from the ashes of aptos, Facebook’s failed digital currency, surged 30%, nearly doubling its price in a week.

Gala
Gala
It is a cryptocurrency linked to Gala Games, a blockchain-based gaming platform . The post has since been deleted without explanation, but Gala has stuck to most of its profits and Gala Games representatives He says: coin desk The rally was unrelated to the deleted announcement.

Lido DAO
Dao
Lido Finance’s native cryptocurrency, has increased by 50% in the last 7 days. This is because traders are betting that they will be the beneficiaries of Ethereum’s upcoming Shanghai upgrade, which will allow users to withdraw staked Ethereum. The upgrade, Ethereum’s first major update following the long-awaited switch from Bitcoin’s proof-of-work to a more energy-efficient proof-of-stake, is scheduled for March.

Avalanche’s avax is 35 years old after developer Ava Labs announced it would provide cryptographic infrastructure through Amazon Web Services (AWS) with the aim of facilitating “blockchain adoption by businesses, institutions, and governments.” % jumped.

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Forbes detailsViral Solana-Based Memecoin Jumps 2,500% Despite Winter’s Brutal Bitcoin and Ethereum Crypto PricesTo billy bambrough

Despite rising Bitcoin, Ethereum and broader cryptocurrency prices, market watchers are still nervous about the potential for more volatility ahead.

Dexterity Capital’s Michael Safai said in an email: “Bitcoin and other major cryptocurrencies traded in a narrow range for much of the month.

“Lower inflation and slower news cycles could allow cryptocurrencies to break some of the correlations with equities and global macros that pushed prices higher in 2022. The recovery is a long, slow march.” and headline risk sensitivities remain. However, there are still some big shakeouts left for cryptocurrencies, some bankruptcy messes to sort out, and other companies still We are fighting to maintain our solvency, which will have a significant impact on prices in the coming months.”