The cryptocurrency market is witnessing growth, with several assets demonstrating double and triple-digit gains. Ethereum, OKB, and Solana are at the forefront.
Ethereum Reaches Multi-Month High
Ethereum, the second-largest cryptocurrency, has surged nearly 10% in the last day, hitting above $4,623. This is the highest level since November 2021. ETH price has increased by about 30% in the week and over 52% in the past month. Its market capitalization now exceeds $557 billion.
OKB: Surge in 24 Hours
OKB token has climbed approximately 189% in the last 24 hours, becoming the best-performing cryptocurrency of the day. Trading volume has increased by over 10,465%, driven by a sudden wave of buying interest. The OKX exchange recently announced a significant cut in total supply, reducing it from 300 million to 21 million, triggering the rapid rise in token value.
Interest in Solana Grows Among Institutional Investors
Solana token has also shown growth of up to 13% in a day, trading at around $197. The price boost is fueled by increased trading volume and growing institutional interest, as firms begin investing in Solana as part of their long-term reserves, enhancing investor confidence and driving price increases.
The increased interest in altcoins and the positive dynamics in the cryptocurrency market underscore the growing public interest in this asset class, creating conditions for a successful altcoin season.
