Today’s cryptocurrency market session seems to be a good one with the day kicking off with a tremendous bullish signal. With BTC setting a new $30K AT for 2023, the global crypto market cap has registered a 4.7% increase within a 24-hour period demonstrating the bullish action on the markets today.
Trading at $30,094 as of press time, the digital gold had achieved a 6% increase in price valuation within a 24-hour period as the trading volume recorded a surge of over 90% within the same period.
Ethereum also looks to consolidate a bullish trend with the asset recording an increase of 3% within the same period showing the bullish activity on the network ahead of its Shapella upgrade. Ethereum has seen a 5% increase in valuation for the week as per CoinMarketCap data.
Altcoins rally
Solana bags today’s top gainer, as the altcoin recorded a 105 increase in valuation within a 24-hour period as of press time. This comes after a 300% increase in trading volume within the same period.
The gain in Solana comes ahead of a new partnership at the network that could have attributed to the market performance as new developments to the network were unveiled.
Solana partnered with tokenproof, a leading NFT ecosystem, to offer Solana-based communities full access to tokenproof’s secure and seamless token-based experiences. With this partnership, Solana users can now amplify the value and utility of their assets tenfold, offering innovative online and IRL experiences that simultaneously strengthen their sense of community.
Solana communities can now supercharge their networks and offer special digital content, exclusive drops online and in-store, and create immersive experiences for their users through tokenproof’s toolkit. This move by tokenproof is aimed at making Web3 a fulfilling space for the largest number of people possible.
Cardano has also exhibited strong bullish signs gaining 5% within a 24-hour period with a 100% increase in trading volume.
Meme coins are also on for a good day with Doge showing slight bullish signals recording a gain of 2% within the same period in price valuation, as well as a 14% gain in its trading volume. Shiba Inu as well had recorded a 1.5% increase in valuation within the same period representing mild bullish activities.
