Several top digital currencies listed on CoinMarketCap were surging as bulls rose to the occasion. The recent bullish swing can possibly be attributed to growing institutional adoption and the cryptospace’s numerous positive developments. The altcoin rally was dominated by the Litecoin [LTC], and was followed by Cardano [ADA], Bitcoin Cash [BCH] and Binance Coin [BNB].
The sixth largest crypto-asset, Litecoin, gained significant market momentum and rose by 10.15% over the last 24 hours. It was priced at $94.74, at press time, and held a market cap of $5.86 billion. It recorded a 24-hour trading volume of $3.63 billion. Additionally, the digital asset was up by 7.16% over the week.
Cardano Founder and IOHK CEO Charles Hoskinson had previously revealed a spree of upgrades and expansion plans across the Asian and African continents, which have contributed to the coin’s bullishness. At press time, the tenth largest crypto-asset pumped to a value of $0.081, after rising by 8.92% over the past 24 hours. ADA held a market cap of $2.12 billion and a 24-hour trading volume of $108.5 million over the last 24 hours. A positive change of 2.88% was seen for the coin over the week.
Bitcoin Cash [BCH]
The Bitcoin fork coin, BCH, after struggling to keep up the support level at the $400-mark was trading at $410, after a rally of 8.46% over the last 24 hours. At press time, the fourth largest crypto-asset registered a market cap of $7.29 billion and a trading volume of $2.44 billion over the last 24 hours. Besides, BCH rose by 12.94% over the past week.
Binance Coin [BNB]
The upcoming Initial Exchange Offering, and the launch of various promising projects have all catapulted BNB’s price to $33.37, after a positive swing of 8.36% over the last 24 hours. Binance’s in-house token saw a massive 400% rise in 2019. At press time, BNB held a market cap of $4.71 billion and a 24-hour trading volume of $591 million. The coin also posted 34.36% gains over the week.
The latest bullish wave is speculated to continue with an increase in adoption in various mainstream fields. Litecoin [LTC], with its imminent halving in August has managed to hold on to the $80-mark and has surged past it, leading the market on its latest surge.