Bitcoin’s 7% Gain: 10 Altcoins had a Significant Price Increase

10 altcoins price that increased along with Bitcoin, which calmly changed to green

Due to the banking crisis, Bitcoin's value has been on an up-and-down roller coaster for the past month. Amid this, the price of Bitcoin rose, indicating that this was successful. The rise in Bitcoin contributed to Altcoin's keen-sighted significant price surge. Bitcoin experienced a drop of almost 10% in a single week. But, as traders' trust has returned, the price has surged by more than 40% during the past month. After a turbulent week, Bitcoin gains 7% with a value of US$30,000, and with this, many early Bitcoin investors are enjoying a profit. This article aims to shed light on altcoin values, which serenely turned green along with Bitcoin. Here is the 10 altcoins' price that increased along with Bitcoin.

1. Tether

Price: US$1
Market Capital: US$80,501,435,477
The most extensively used stablecoins are Tether tokens, which invented the idea in the digital token industry. Tether tokens are a pathfinder in the digital use of traditional currencies and a disruptor of the established financial system. They also support and empower developing blockchain initiatives and innovation.

2. Binance

Price: US$318
Market Capital: US$50,328,570,470

A well-known cryptocurrency exchange for seasoned cryptocurrency investors is called Binance. Although its trading possibilities are more constrained in the United States, it provides comparatively low trading costs and a large range of cryptocurrencies for trade abroad. Although the platform's minimal fees may be alluring, it has encountered regulatory problems and is currently the subject of an inquiry in the United States.

3. Solana

Price: US$22.74
Market Capital: US$8,905,551,619

A cryptocurrency called Solana (SOL) was created to function similarly to Ethereum and to enhance it. Software developer Anatoly Yakovenko came up with the name Solana, taken from a small seaside community in Southern California. This novel blockchain was first developed by Yakovenko in 2017, and Solana was introduced in March 2020. SOL is the 10th largest coin by total market capitalization, making it a well-known cryptocurrency.

4.Binance USD

Price: US$1
Market Capital: US$6,895,902,735

Binance and Paxos Trust released the stable coin, Binance USD, or BUSD. It is a stablecoin that is pegged to the dollar. Other stable coins like Tether currency (USDT) compete with Binance USD on the market. A stable coin is a cryptocurrency that, as its name suggests, is backed by the reserves of an external asset to maintain price stability. At times, rather than using fiat money, the supporting assets may be commodities, currency bundles, or even other cryptocurrencies.

5. Monero

Value: US$160
Market Capital: US$2,938,123,535
A cryptocurrency focused on anonymity called Monero (XMR) was introduced in 2014. It is designed around the idea and runs on it. These blockchains, the technology that underpins digital currencies, are open ledgers of participant activity that display all network transactions.

6. Filecoin

Value: US$5
Market Capital: US$2,435,938,713

A decentralized storage and distribution network called Filecoin wants to compete with the $46 billion cloud storage market. Filecoin brings together global clients and data storage providers to create a reliable and effective market for data storage needs. As video streaming becomes more prevalent, digital resolutions rise, and more connected devices go online, this sector is expanding swiftly.

7. Internet Computer

Value: US$5.19

Market capital: US$1,567,982,802

The Internet Computer Protocol (or ICP), like many other initiatives in the cryptocurrency arena, is much more than just a digital currency. The ICP token, available for purchase and trading on platforms like Coinbase, is only a tiny component of a more significant concept. The core idea behind ICP is to develop a new type of decentralized internet and global computing system where independent data centers from around the globe could collaborate to develop an alternative to cloud services.

8. Fantom

Value: US$0.4817

Market Capital: US$1,341,691,164
One of the many blockchain networks created as an alternative to Ethereum is Fantom, a decentralized, permissionless, open-source innovative contract platform for decentralized applications (dApps) and digital assets. The Fantom blockchain mainnet launched in December 2019 and aims to address the Blockchain Trilemma by maintaining a stable balance between scalability, security, and decentralization.

9. Stacks

Value: US$0.9236

Market capital: US$1,268,116,431
Stacks has gained notoriety as Bitcoin Ordinals raised awareness of Bitcoin NFTs, which already exist on the Stacks blockchain as layer-2 NFTs. This increased demand for STX and raised trade volumes among Stacks-based NFTs.

10. Conflux

Value: US$0.386

Market Capital: US$1,073,175,555

A Turing-complete state machine is a feature of the Conflux Network's smart contract platform based on a high-throughput consensus process. Conflux uses a novel consensus technique that scales better than conventional blockchains to determine the transaction validator based on the overall order of blocks arranged in a Tree-Graph. In addition to the Tree-Graph consensus protocol, PoW is also used. Conflux includes a native token called CFX that is used to pay transaction fees and reward network miners for their work.