Like Bitcoin, Ether has also performed well and this Ethereum token is trading with a gain of 1.61%. According to Gadgets 360’s cryptocurrency price tracker, each Ether token was priced at $4,060 (approximately Rs 3,01,877) as of writing this news.
Cardano, Ripple, Polkadot, Dogecoin, Shiba Inu, and Polygon are among other popular cryptocurrencies that have performed well today. All of these have seen an increase in prices.
However, today is not proving to be a good day for Tether, USD Coin, and Bitcoin Cash. All coins are seeing a fall in prices today.
Crypto experts believe that altcoins will also rise in the near future as Bitcoin moves forward with small but consistent benefits.
Edul Patel, CEO and co-founder of crypto investment firm Mudrex, told Gadgets 360, “Bitcoin, the largest cryptocurrency by market capitalization, remained above the $47,000 (approximately Rs. 2.75 lakh). Apart from the two largest cryptocurrencies, most of the top altcoins remained range-bound. The rise in bitcoin price indicates that better times may come for altcoins in the days to come.”