Crypto

Crypto Price Today: Bitcoin Climbs, Ethereum Surges 3.14%

Shivaganesh

Market Volatility Continues: Bitcoin Rises, Ethereum and Solana Surge, Cardano Gains 5%

On October 21, 2024, the cryptocurrency market is still volatile and affecting investors' sentiments and trading strategies. Here is the newest detailed breakdown of market capitalisation for leading cryptocurrencies, showing price trends and the corresponding trading volumes. There are significant movements in leading currencies; at least, among investors there are shifts of interests in some coins and a sharp rise in the prices of others while they face downturns.

1. Bitcoin (BTC)

Price: $68,780.34

24-hour Change: +0.81%

24-hour Trading Volume: $22.87B

Market Cap: $1.36T

Category: Currency

Bitcoin leads the crypto space with a 0.81% price increase. Trading volume reached $22.87 billion, showing growing market interest. Bitcoin's total market capitalisation is over $1.36 trillion, solidifying its position as the top cryptocurrency. Macroeconomic factors and institutional investments are expected to drive its price higher soon.

2. Ethereum (ETH)

Price: $2,727.51

24hr change: +3.14%

24hr trading volume: $15.93B

Market capitalisation: $328.37B

Category: Smart Contract Platform

The second-largest cryptocurrency, Ethereum, witnessed a good price rise of 3.14%. The platform is regarded as the largest smart contract platform. It has high trading volumes of $15.93B. Its market cap stands at $328.37B. New updates of recently launched upgrades of Ethereum 2.0 have promised to lower transaction fees and enhance scalability. This has caused Ethereum to ride along with its bull run recently.

3. BNB (BNB)

Price: $602.46

24hour Change: +1.16%

24hr Trading Volume: $638.32M

Market Capitalisation: $87.89B

Category: Smart Contract Platform

As the Binance ecosystem prospers due to the DeFi and NFT projects, the native BNB token has gained 1.16%. The market capitalisation of SOL is $79.39B.

4. Solana (SOL)

Price: $168.89

24-h Change: +6.03%

24-h Vol: $3.54B

Market Capitalization: $79.39B

Type: Smart Contract Platform

Although Solana skyrocketed more than 6%, it peaked at $168.89. This is a fast blockchain network with minimal fees, thus making it a great substitute for Ethereum. Also, demand surged as more people began using the network for dApps and DeFi projects.

5. XRP (XRP)

Price: $0.5464

24-hour Change: +0.61%

24-hour Trading Volume: $881.75M

Market Cap: $30.99B

Category: Currency

XRP rallied by 0.61%. XRP has been very robust and has held a position in the top 10 cryptocurrencies even in the face of all regulatory hiccups it has been exposed to, most notably by the SEC. The focus of XRP on cross-border payment and fast transactions makes it a very attractive platform, especially for regions where there are no facilities for traditional banking.

6. Dogecoin (DOGE)

Price: $0.1443

24-hour change: +1.22%

24-hour trading volume: $1.67B

Market cap: $21.13B

Category: Currency

Dogecoin is still flying high in the crypto-sphere. Twenty-four hours ago, there was an increase of 1.22%. Powered by its energetic community and celebrity endorsements, dogecoin remains relevant.

7. Toncoin (TON)

Price: $5.33

24-Hour Change: +1.36%

24-hour Trading Volume: $217.73M

Market Cap: $13.53B

Category: Smart Contract Platform

Toncoin is the native coin for Telegram Open Network, whose prices have risen to 1.36%. With a market cap of $13.53B, Toncoin is gaining immense popularity for decentralised applications and services that are backed by the massive user base of Telegram.

8. Tron (TRX)

Price: $0.1558

24 Hour Change: -0.32%

24 Hour Trading Volume: $286.55M

Market Cap: $13.48B

Category: Smart Contract Platform

The Tron price dropped by 0.32%. The price of the coin is $0.1558, and Tron is an actively used blockchain platform due to its high throughput and orientation on decentralised content sharing.

9. Cardano (ADA)

Price: $0.3681

24 hour change: +5.02%

24 hour trading volume: $287.85M

Market cap: $13.15B

Category: Smart Contract Platform

Cardano has also been trending upward and this time was able to move more than 5% in the last 24 hours. Once more, it will be upgraded this time alongside Hydra as its next scaling solution. The goal of this upgrade would be the increase of transaction throughput together with getting more developers into the Cardano ecosystem.

10. Avalanche (AVAX)

Price: $28.59

24-Hour Change: +2.56%

24-Hour Trading Volume: $224.64M

Market Cap: $11.63B

Category: Smart Contract Platform

Avalanche takes the final spot on the list with an increase of 2.56%. Avalanche is known for its fast high-performance blockchain and capability to allow the seamless and efficient handling of decentralised applications. Avalanche has finally started to firmly find its footing as a competitor in the area of smart contracts.

Conclusion

The cryptocurrency market is trending modestly higher as major coins rise as of October 21. Bitcoin leads, while Ethereum, Solana, and Cardano push forward in smart contract development. USDT and USDC stablecoins maintain liquidity and stability despite market turbulence. With advancing technology and regulatory changes, the market is ready for its next evolution.