Markets Rally as LINA Shows Massive Growth

By Kester Odero

June 13, 2023 8:08 AM

Ethereum News

Markets Rally as LINA Shows Massive Growth

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Table of contents

1. Altcoin analysis

Today’s trading session has kicked off rather well with the global market cap coming to $1.06T, representing a 1.145 rise within 24 hours. Bitcoin (BTC) has also kicked off today’s session on a storing bullish signal as the asset now reclaims the $26K mark after recording an increase of 1.2% within 24 hours.

Bitcoin’s weekly gain has also gone up by 1% amid today’s strong start. BTC’s volatility levels are low but steadily increasing as the Bollinger bands slowly diverge away from each other. The RSI is also moving closer to its average line as bulls look to break a shift over to the overbought region.

The MACD indicator is also looking to cross over to the positive region as bulls push for market dominance once again.

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Altcoin analysis

Ethereum (ETH) has also seen a 0.6% rise within 24 hours as the asset now trades at $1,750. ETH has a current market cap of $210,476,748,098 and a trading volume of $6B representing a 15% increase within 24 hours of trading.

BNB also seems to have entered into a recovery zone as the asset now trades at $234 representing a 4% increase as the weekly loss in valuation drops to 15%. BNB’s trading volume has seen a 45% surge as it now stands at

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Other altcoins are also doing well with Ripple (XRP) gaining 2.9% as Cardano (ADA), also boasts gains of 2.2% within a day of trading. Polygon (MATIC), Litecoin (LTC), and Polkadot (DOT) have all gained 2.4%, 2.7%, and 2.75% respectively sowing the altcoin dominance in today’s session.

Lina Finance (LINA) has recorded massive gains as the asset boasts a 25% gain within a day of trading to take its price to $0.01621 and a market cap of 86.65M as of press time as the asset tops CoinMarketCap’s list of gainers today.

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Other notable gainers today are Axie Infinity (AXS) which has gained 4.9% within a day of trading to take its price to $5.06 as it comes from a 23% weekly drop in price valuation. Immutable (IMX) has also had a 6.3% gain within a day of trading as it comes from a 13% weekly loss to now trade at $0.6346. Terra Classic (LUNC) has also had a good start to the day as the asset sits on a 6.5% gain within a day of trading as its weekly gain now stands at 1.7%.

Tags:

ADA AXS BNB BTC DOT ETH LTC LUNC MATIC XRP

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AUTHOR

Kester Odero

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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