Crypto

Crypto Market Price: Bitcoin Hits $65.4K, Ethereum Surges by 3.14%

Shivaganesh

Bitcoin Hits $65.4K, Ethereum and Dogecoin Surge Amid Market Volatility on October 15, 2024

On October 15, 2024, the cryptocurrency market remains unstable with dramatic changes in the several digital assets traded. Below is a detailed review of the largest and greatest based on their market capitalization ranking.

1. Bitcoin (BTC)

Price: $65,450.83

24hr Change: +1.83%

24hr Volume: $47.43B

Market Cap: $1.29T

Category: Currency

Bitcoin continues to grow, showing a 1.83% positive sentiment in the last 24 hours. The large trading volume indicates growing interest from investors and market participants.

2. Ethereum (ETH)

Price: $2,610.56

24-hour Change: +3.14%

24-hour Volume: $20.09B

Market Cap: $314.27B

Category: Smart Contract Platform

The largest smart contract platform, Ethereum is up 3.14%. That being said, most of the growth was probably driven by further growth from within the ecosystem of Ethereum and dApps.

 3. BNB

Price: $584.49

24h change: +1.04%

24h Volume: $909.57M

Market Cap: $85.27B

Category: Smart Contract Platform

The coin behind the native token of Binance, BNB, is steady and still up with a gain of 1.04%. The push is fueled by demand for utility in the ecosystem and other DeFi applications.

4. Solana (SOL)

Price: $155.55

24h Change: +1.85%

24h Volume: $3.42B

Market Cap: $73.07B

Category: Smart Contract Platform

The price of Solana is up 1.85%, given that it remains one of the most sought-after high-performance blockchain platforms. This has an appeal due to its fast transaction execution at a low cost.

5. XRP (XRP)

Price: $0.5468017

24-Hour Change: +1.70%

24-Hour Volume: $1.32B

Market Cap: $30.97B

Category: Currency

The 1.70% increase in XRP is a reflection of its strength and continued use in cross-border payment and remittance services.

6. Dogecoin (DOGE)

Price: $0.11639638

24-Hour Change: +3.09%

24-Hour Volume: $1.08B

Market Cap: $17.03B

Category: Currency

Dogecoin rises furiously with a 3.09% growth rate due to the support of its community and occasional celebrity interest.

7. Tron (TRX)

Price: $0.15923931

24-Hour Change: -1.82%

24-Hour Volume: $517.37M

Market Cap: $13.78B

Category: Smart Contract Platform

Tron has dropped by 1.82%. This isn't a significant decline. The project focuses on decentralized content sharing and entertainment.

8. Toncoin (TON)

Price: $5.26

24-Hour Change: 0.45%

24-Hour Volume: $315.29M

Market Cap: $13.34B

Category: Smart Contract Platform

Toncoin, with a slight decline of -0.45%, is priced at $5.26. The TON blockchain, originally developed by Telegram, has gained traction due to its fast transaction capabilities.

9. Cardano (ADA)

Price: $0.35979771

24-Hour Change: +0.87%

24-Hour Volume: $358.97M

Market Cap: $12.85B

Category: Smart Contract Platform

This 0.87% increase by Cardano shows to the world its real sustainable growth for developing a strong and scalable blockchain-based platform.

 10. Avalanche (AVAX)

Price: $28.74

24-Hour Change: -2.88%

24-Hour Volume: $462.75M

Market Cap: $11.68B

Category: Smart Contract Platform

Avalanche has fallen by 2.88%, probably just due to market rebalancing, but its innovative consensus mechanism and high throughput keep the coin in the limelight.

Conclusion

The growth in the cryptocurrency market shows mixed growth and volatility up to October 15, 2024. Investors should stay abreast of all the trending news and developments going on in the market to make proper informed decisions.