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The crypto market has remained above a $1.8 trillion market cap for its third day this March 2022. The market has been volatile so far this year due to rising inflation, the ongoing COVID-19 pandemic, and war in eastern Europe. But at last, investors are seeing crypto prices of the largest tokens in the green.
The market cap of $1.8 trillion has been hit three times already in March, before falling back down to $1.7 trillion. The market has struggled to break $2 trillion since January. While this is slow growth in the industry it's worth remembering the crypto market brushed $3 trillion only in November last year.
From this point on, the market could either remain level or start breaking past resistance levels again. Here are the current price movements of cryptocurrencies Bitcoin, Ethereum, BNB, XRP, Solana, Avalanche, and EverGrow Coin.
Current price: $40,700
Incremental movements in Bitcoin's price always sway the total market. Bitcoin has a market cap of over $700 billion making it the most valuable crypto asset by far. Bitcoin's price is up 4.3% over the last 7 days. Though its price is down marginally over the last 24 hours it's holding above $40k for the longest period this month so far.
Current price: $2,800
The smart contracts giant Ethereum has made some important price gains, growing 8% in the last week. ETH is also up 1.3% in the last 24 hours. Ethereum tends to rise as Bitcoin rises, however news from the ETH camp is also behind the price hike. The huge network passed the last test before it plans to move its consensus to proof-of-stake – a move that will reduce transaction fees and ramp up processing speeds.
Current price: $0.00000048
EverGrow Coin is a fast-rising crypto token that's earned a place as a top reward token. Within five months of operation, EverGrow Coin has paid out more than $35 million in stablecoin BUSD rewards to investors. The rewards are financed by an 8% tax on EGC transactions with a further 2% tax set aside for strategic coin burns.
EverGrow Coin is also launching two key applications this March 2022: Crator, a crypto-integrated content subscription platform, and an NFT marketplace that will allow borrowing against NFT assets as collateral.
Current price: $388
Current price: $86.4
Solana has often been dubbed the 'Ethereum killer' as it comprises a blockchain network far faster and cheaper than Ethereum's. With Ethereum's network updates, this could soon change. But for now, SOL remains the crypto with the fastest processing speeds and is up 5.5% in the last 7 days.
Current price: $80
Avalanche has seemed too far to outperform the competition when prices are up. AVAX is posting 6.2% gains in the last week and 4.4% gains in the last 24 hours. AVAX powers the Avalanche blockchain, which also seeks to dethrone Ethereum as a platform for decentralised applications and smart contracts. Avalanche can process 6,500 transactions per second, compared to Ethereum's current 15.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
