Top crypto prices today 6/16: Solana, Cardano, Polkadot, Dogecoin, TRX and AVAX are rising again
Top cryptocurrency prices after crypto (16th June):
The global cryptocurrency market cap has recovered 3.04 percent in the last 24 hours after falling below $900 billion yesterday. At the time of writing, the total cryptocurrency market cap was $958 billion, while the global cryptocurrency market was $127 billion over the past 24 hours, up 28 percent, according to CoinMarketCap.
Following the US Federal Reserve's announcement of a rate hike, the prices of top cryptocurrencies, including Bitcoin and Ethereum, have strengthened, although market sentiment remains in the "extreme fear" zone.
According to CoinMarketCap, which tracks 1,866 cryptocurrencies and 527 exchanges, Bitcoin's dominance has dropped to 44.5 percent.
“Most cryptocurrencies rose after the US Federal Reserve raised interest rates by 75 basis points on Wednesday, the highest in three decades. Bitcoin and Ethereum are up nearly 3% and 2%, respectively, compared to the previous day. BTC is down 53% year-to-date and 69% from an all-time high of $68,990. The cryptocurrency fell this week due to a freeze on withdrawals and transfers between Celsius accounts, raising contagion concerns in the market. The recent spike in value could help the market recover from earlier losses if gains hold steady, said Edul Patel, co-founder and CEO of crypto investment platform Mudrex.
At the time of writing, most of the top cryptocurrencies are green, with Solana, BNB, Cardano, XRP, and Polkadot earning the most among blue-chip coins, according to CoinMarketCap (8.59 India time).
The price of Bitcoin (BTC) is down 26 percent in the last 7 days but has recovered around 3 percent in the last 24 hours to $22,317.
Crypto Rupe Index Change
The CoinSwitch cryptocurrency index (CRE8) is up more than 10 percent over the last day at 2,370 rupees. CRE8 tracks the development of the crypto market in INR.
Top Crypto Prices on June 16
Ethereum (ETH): The price of Ethereum is up nearly 2 percent to $1209 over the last 24 hours. In the last 7 days, the price of ETH has fallen by 33 percent. It is currently the second largest crypto asset in terms of market cap.
Binance (BNB): The price of the Binance Chain coin rose about 6 percent to $230 in the last 24 hours. In the last 7 days, the price of BNB has fallen by 20 percent. It currently ranks as the fifth largest crypto asset in terms of market cap.
XRP: The price of the XRP coin rose 6 percent in the last 24 hours to $0.3364. In the last 7 days, the price of XRP has fallen 16 percent. It currently ranks as the 8th largest cryptocurrency in terms of market cap.
Solana (SOL): Solana's price has risen about 19 percent to $34.21 in the last 24 hours. In the last 7 days, the price of SOL is down 12 percent. It currently ranks as the ninth largest crypto asset in terms of market cap.
Cardano (ADA): The price of the Cardano token fell about 12 percent over the last 24 hours to $0.5203. In the last 7 days, the price of ADA is down 19 percent. It currently ranks as the seventh largest crypto asset in terms of market cap.
The price of the popular memecoin Dogecoin (DOGE) is up about 11 percent in the last 7 DAYS. DOGE is currently ranked 11th in terms of market cap. The DOGE price was $0.06208 at the time of this report.
Polkadot (DOT) was up 11 percent to $8.26, while Avalanche (AVAX) was also up 11 percent to $17.73 over the past 24 hours. Both DOT and AVAX are currently ranked 10th and 15th on CoinMarketCap, respectively. Polygon (Matic) was up about 5 percent in the last 24 hours to $0.4068. It is currently ranked 18th on CoinMarketCap.
Meanwhile, the price of Tron (TRX) was up about 19 percent to $0.06445 over the last 24 hours. It is currently ranked 13th on CoinMarketCap.