There is movement among the ten largest cryptocurrencies by market capitalization. Three of them hit new highs on Wednesday, pushing the entire crypto market towards $ 3 trillion.
The Ethereum transaction fees continue to rise and, according to Etherscan, are now an average of 248 Gwei. Also on Wednesday the ether remains deflationary and reduces the inventory on this day alone by 1,195 ethers or around 5.5 million dollars.
Ethereum moves to $ 5,000 e.g. u
The leading smart contracts blockchain Ethereum holds its own as the second largest cryptocurrency, reaching a new all-time high of $ 4,664.91 on Wednesday afternoon. This is only a moderate increase from yesterday’s ATH at $ 4,521.69, but it is on a steady upward trend that has brought almost 16 percent price gain in the last seven days.
Solana is the whiz among the Altcoins
The most impressive performance has been the Solana for some time Network with its SOL token. SOL rose to $ 246.32 on Wednesday evening. This corresponds to an increase of almost 14 percent in 24 hours or around 28 percent in a week. Within two days, Solana first left Cardano, then Tether.
Solana is still fourth Tether and Cardano, however, are fragile. According to market capitalization, SOL is still around 23 billion behind the Binance Coin in 3rd place, but “only” 1.5 billion in front of Tether in 5th place and around 3 billion in front of Cardano with its Ada-Coin in 6th place. Ripple’s XRP follows with around 58 billion dollars and a clear gap in 7th place.
Polkadot with steady growth
In 8th place we find the third coin that reached a new all-time high today. Polkadot moved from $ 3.89 to $ 54.55 in a year. In the past week alone, the price of the token rose by over 30 percent, then exceeded the $ 50 threshold on Monday and reached the new high of $ 54.55 on Wednesday evening. Its market capitalization currently stands at $ 53.5 billion. Polkadot could quickly overtake Ripple’s XRP.