According to Gadgets 360’s crypto price tracker, the trading price of Ether in India was up by 2.23 percent at $4,192 (approximately Rs.3 lakh) at the time of writing this news.
Cardano, Ripple, Polkadot, Polygon, Litecoin and Uniswap have also seen modest gains. However, there are some mime coins which have not performed well in the last 24 hours.
Dogecoin and Shiba Inu saw a decline of 2.67 percent, while the latter saw a gain of 0.78 percent.
The performance of Tether, USD Coin, and Bitcoin Cash was disappointing. All three coins opened with a loss.
Recently, the US Federal Reserve cut its COVID stimulus in view of rising inflation. Fearing a fall in the US dollar, investors are now showing their interest in cryptocurrencies. This is the reason why this market has been witnessing a lot of volatility since last few months and now, gradually the market is improving.