The crypto market is showing signs of life once again with the global market cap up by 1.95% to $945.33 billion, according to CoinMarketCap. This comes as a welcome relief for investors who have been concerned about the recent volatility in the market. Various altcoins like Cardano (ADA), Solana (SOL), and Polygon (MATIC) are all showing impressive price gains, while XRP is slower to recover.
Cardano Sees a 4% Price Increase
Cardano (ADA) is currently worth approximately $0.3184 after a more than 4% price increase over the last day. While the altcoin is still down by more than 6% over the last week, its 24-hour trading volume is in the green zone and stands at $504,742,761 after a 3.71% increase since yesterday.
Solana Turns Heads with 7+% Price Increase
Solana (SOL) is turning heads with its 7+% price increase over the last day, reaching a high of $18.85 over the same time period. Currently trading at $17.90, SOL is showing promising signs of recovery.
Polygon Also in the Green
Polygon (MATIC) is also in the green for today, currently trading at $1.05 after a 5.99% price increase over the last 24 hours. Despite its successful performance over the last day, MATIC is still down by more than 9% over the last seven days.
XRP Takes Longer to Recover
Progress for XRP is slower than the rest of the top 10 biggest cryptos, as the altcoin was still in the red earlier this morning. However, XRP is currently worth about $0.3699 after a 0.32% increase in price. It remains to be seen if XRP will continue to recover at a steady pace or if it will take longer to catch up to the other altcoins.
Sydney TheCMO.eth also tweeted about the rise of various altcoins, indicating that there is growing interest and excitement in the market.
Overall, the recent recovery in the crypto market is a promising sign for investors and enthusiasts alike. As always, it is important to exercise caution and do thorough research before investing in any cryptocurrency.