Altcoins Mark New All-Time High Following Ether’s Price Surge


While the recent price surge of Ether drew the attention of cryptocurrency investors, altcoins also took a giant leap to reach their new all-time high. Ether, the second-largest cryptocurrency after bitcoin, soared to $1,763 on Friday. Analysts expect ETH price to reach $2,000 very soon.

Ether’s price is creating enough excitement in the crypto market but the altcoins are also taking the spotlight with their recent ATH price. On Friday, multiple altcoins witnessed their significant growth.

Several Altcoins Show Remarkable Price Surge

The data released by TradingView and Cointelegraph Market show that Bitcoin has made a 0.21% growth recently. BTC is now standing at the $37,633 trade value. Ether is now at the $1,763 level and has seen a 3.27% increase within the last 24 hours. Bitcoin has now 60.01% dominance over the crypto market cap.

Along with these major cryptocurrencies, altcoins are also showing noticeable growth. Alternative cryptocurrencies like Cardano and Binance Coin have rallied up to the new all-time high prices. Cardano or ADA has made a 26.44% increase while Binance Coin or BNB has rallied up to $64.87.

MakerDAO (MKR) has taken a 45% leap reaching its $3,099 all-time high value. Decentralized finance protocol ZRX or 0x also saw a significant rise of 61%.

Yearn Finance Faced Exploitation

Yearn Finance or YFI faced a great impediment in its price action when DAI stable coins worth $11 million were hacked from the DAI vault. The finance team has taken immediate steps to track down the hacker and diminish the damage.

Recently the Washington-based crypto custodian Protego has announced that the firm will now receive national licensing from the department of the Comptroller of the Currency making it the second crypto firm of its kind to get a license.

The crypto market is certainly witnessing the massive growth of altcoins and DeFi along with major cryptocurrencies. The total market capitalization of cryptocurrency is now at $1.17 trillion.