Top Crypto Prices Today – BTC & DOT Gains, SOL Drops 6%
Out of the top ten cryptos, six traded higher early today. Polkadot and Bitcoin lead the day’s gainers as Solana plummeted by 6% amid extended profit-booking.
Wednesday’s trading sessions saw top cryptocurrencies in green as they recover from recent plunges. However, the low market volume capped further gains. From the top-ten tokens, six traded on uptrends today, BTC and DOT leading Wednesday’s gainers. Meanwhile, Solana’s continued profit-booking pushed SOL down by 6%.
Such developments had the total crypto market capitalization surged by more than 3% to $2.13 trillion over the past 24 hours. On the other hand, the global market volume lost 19% to hover at $111.16 billion. Meanwhile, financial experts had a word on the current crypto condition.
CoinSwitch Kuber CBO Sharan Nair stated that the market is somewhat in recovery mode today. He also confirmed his hopes that most altcoins will reclaim their previous support as Polkadot stays in the green. Keep in mind that most cryptocurrencies lost their support levels during the dramatic crash last week.
Edu Patel, the Mudrex founder, commented that crypto fanatics enjoyed lucrative sessions as most top-20 cryptos surged higher today. Remember, the dominant crypto by market share, BTC, hiked past $47,000.
He also added that the upside momentum would attract alt investors to join the market. Patel believes that the altcoin market might enjoy lucrative moves in the upcoming 24 hours as BTC might consolidate gradually.
Meanwhile, Indian’s largest lender State Bank has suspended crypto funds receipt on the UPI site. The bank has direct payments processors to block UPI SBI for cryptocurrency merchants. Nevertheless, Devilz Tattooz, a tattoo chain based in Delhi, declared it would accept crypto payments in ADA, ETH, and BTC. The firm joins The Rug Republic, another company that ventured into the crypto space.
Tech View
Polygons have ridden upside waves this week, surging nearly 8% in the last 24 hours. The crypto project launched DAO for its members as its focus is on DeFi. With that, Polygon becomes the fourth largest DAO ecosystem as far as Total Value Locked ($5 billion) is concerned.
MATIC has increased by nearly 189% to $1.7991 from $0.6221. After that, the alt saw massive resistance around $1.8 before losing almost 38% to stand at $1.113. For now, MATIC has a sturdy support zone at $1.23. Meanwhile, a lower long shadow suggests that bulls can buy at this level. Currently, Polygon consolidates sideways in the $1.23 – $1.37 range.
Stay tuned for recent crypto updates.
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