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In the past 24 hours, the value of many digital assets has soared by 4-40%, and many encrypted asset markets have achieved significant growth on Saturday. The entire cryptocurrency market value has exceeded 540 billion U.S. dollars, because the value of the top ten coins such as Bitcoin Cash, Cardano and XRP has risen sharply.
On Saturday, November 21, 2020, the overall market value of all existing more than 7,000 crypto assets is approximately US$520 to US$540 billion. At the time of publication, the global trade volume was approximately between USD 2 and USD 32 billion.
In terms of market capitalization, Bitcoin (BTC), the top digital currency, jumped by more than 1% today and hovered at a daily high, reaching $18,840 per unit. Compared with many tokens whose value has risen sharply, BTC’s trivial gains today are of no avail.
-Duane Lightfoot (@labeveryday) November 21, 2020
The spark of altcoins makes many speculators believe that a highly anticipated “altcoin season” is coming. For example, today the third largest market capitalization is held by XRP, which surged by more than 33% on Saturday, pushing the price to a high of $0.42 per unit.
The second largest cryptocurrency by market value, Ether (ETH) is trading at $540, a record high, and today it is still up by more than 4%. Chainlink (LINK) jumped by more than 8%, and the trading price of LINK now exceeds $15 per coin. In the past 7 days, Litecoin (LTC) has achieved amazing growth in one week, reaching 38%. LTC rose by more than 7% on Saturday afternoon (EST) and traded at a daily high price of $87.46 per coin.
#Altcoin The season is back! ! ! 🌊
-Justin Ruan (@justinizc00l) November 21, 2020
Bitcoin Cash (BCH) rose by 14% this week, most of which was due to a rise of more than 18% on BCH this Saturday. As crypto assets cross the psychological resistance zone of $300, BCH is being exchanged at a price of $303 per coin. Currently, the trading price of BCH at the time of release is between US$296 and US$301.
Polkadot (DOT) rebounded 6.9%, while the crypto asset BNB rose 5% on Saturday. In terms of market value, the tenth place Cardano (ADA) jumped by more than 17.6% this weekend, with a transaction price of US$0.128 per unit per day.
The biggest gainer on Saturday was crypto.com’s MCO coin, which was valued at 109%, and the biggest loser was the back token (IND), which lost 59% today.
According to some posts on the Reddit forum, r/cryptocurrency and Hot conversation On Twitter, countless people Believe Due to Saturday’s altcoin market performance, “altcoin season is back”. Today, other notable beneficiaries include: EOS (15%), XLM (20%), VET (19%), IOTA (19%), DOGE (18%) and ALGO (14%).
“November 2020: The official Altcoin season begins. Let the game begin,” Tweet Twitter account “Cryptobud”.
What do you think of the performance of altcoins this weekend? Let us know your thoughts on this topic in the comments section below.
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