The flagship cryptocurrency Bitcoin has recently retraced to the $46K level and Solana (SOL) has gone wild and managed to break the $70 price range to register an all-time high of $75. Bitcoin has found stability over the level of $46K after facing a lot of fluctuations in its prices.
The increased volatility in the market has led to a slight drop in the price of Bitcoin, and other altcoins are also following the flagship cryptocurrency. However, Polkadot and Solana are running in the opposite direction of the market and are exceptionally surging.
DOT is up by 10% and SOL has managed to touch an all-time high of $75.
During the weekend, Bitcoin bulls took the cryptocurrency beyond the level of $48K, following a recovery of $3K on Saturday.
Since then, the price of Bitcoin has been falling till it found a stable level and is currently standing just above the mark of $46K.
Though the market capitalization of bitcoin was stagnant above $850 billion for several days, its market dominance has fallen to 43.5%, which is a significant reduction from the ATH that is made at the beginning of this year.
Finder, a product comparison site, recently revealed that Litecoin is likely to be worth $266 by the end of the year 2021.
Litecoin was launched back in the year 2011 as the lite version of Bitcoin by Charlie Lee, a former Google engineer.
The coin has been changing hands between the levels of $175 and $187. Litecoin market capitalization stands at $12.53 billion at the time of writing.
The Co-founder of The Chain, Ryan Gorman, laid an emphasis on the built-in support of Litecoin and said:
“People new to the space will continue to trade Litecoin because it is always one of the first crypto assets added to new on-ramps like PayPal, Venmo, etc. That built-in support should help it continue to gain value despite being mostly irrelevant.”