Bitcoin, Solana, Cardano and other top cryptocurrencies to watch out for today

Sep 7, 2021

By: BI India Bureau

Bitcoin has crossed the USD 52,000 threshold

After teetering at the USD 50,000 boundary, the world’s oldest cryptocurrency is on a hot streak

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The world’s oldest cryptocurrency has risen by nearly 2 percent in the last 24 hours

And, in the last one week, it’s up by 11.39 percent

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BTC current market value is worth USD 990 billion

Nearing the USD 1 trillion milestone

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More importantly, El Salvador is going to launch BTC as legal tender today

This will make it the first ever sovereign nation to do so

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The second biggest cryptocurrency on the market is stuck below USD 4,000

And, trading flat

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Ether broke the USD 4,000 barrier last week

But the bulls have been unable to sustain the high levels

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Ether is currently trading at USD 3,914

It has risen by over 20 percent over the last one week

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Cardano has been trying to beat the USD 3 barrier

And keep its momentum going…

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...But bullish momentum is slowing down

The cryptocurrency is currently trading at USD 2.83, down by 2.29 percent in the last 24 hours

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This could be because its Alonzo update has been garnering some bad press

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The glitches on Cardano’s first DApp were highlighted by influencers on social media

They allege that ADA may not be able to handle multiple transactions

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As with Cardano and Ether, Binance Coin has been struggling to keep ahead as well

It’s currently trading at USD 496, unable to push past the USD 500 barrier

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Solana may not be as big as the big three — BTC, ETH, and ADA

But that also means it has more room to grow

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The cryptocurrency has jumped by over 25 percent in the last 24 hours

That accounts of half of the gains seen in the past one week

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Ripple’s XRP is currently at USD 1.38

Up by more 4 percent in the last 24 hours

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Elon Musk’s favorite Dogecoin is in the red

The cryptocurrency has dipped by 1.64 percent in the last 24 hours

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Polkadot is trading at USD 34.93

Its price is up by nearly 3 percent

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Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of 12 pm IST and may change over the course of the day

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