Crypto market intelligence firm, Santiment, recently shared a tweet about the impressive performances of altcoins on Thursday. According to the tweet, Bitcoin’s dominance was reduced as Ethereum and other altcoins recorded outstanding performances. Ethereum was able to breach $2k for the first time in 8 months, while altcoins like Arbitrum, Aptos, HEX, and Rocket Pool recorded significant gains.
Bitcoin is currently trading above the $30k mark at $30,791.27, with a 2.36% price increase over the last day. Although this is a positive performance for the market leader, it was still outshined by various altcoins. In the last 24 hours, ETH has seen a more than 9% price increase, currently worth about $2,111.97. Over this time period, ETH was able to strengthen against BTC by 5.41%. The altcoin leader is also in the green by more than 13% over the last seven days according to CoinMarketCap.
APT’s price is also currently up by 9+%, and the crypto currently trades at $12.78. The token was able to reach a high of $13.42 during this period as well. Two cryptocurrencies that turned a few heads are ARB and RPL, as both of these altcoins were able to record gains of more than 20% over the last day. ARB’s 21.92% price increase pushed the altcoin’s weekly performance even further into the green, as it’s currently up 27+% over the last seven days. RPL’s weekly performance is in the green at +13.66% at press time. Also in the green zone is RPL’s 24-hour trading volume which stands at $31,876,076 after a more than 60% increase since yesterday.
It’s worth noting that the crypto market is known for its volatility, and prices can fluctuate rapidly. Therefore, readers are advised to conduct their own research and due diligence before making any investment decisions.
Despite Bitcoin’s dominance in the crypto market, the recent performances of altcoins like ETH, ARB, APT, and RPL are proving to be very impressive. As the market continues to evolve, it will be interesting to see how these altcoins perform in the coming weeks and months.