Altcoin Market Cap is Resting at the ATH of 2018. Is This a Green Signal For Altcoins?

Altcoin Market Cap: After the FTX meltdown, the price of most of the cryptocurrencies plummeted, as did their market capitalization. Since then, the market has been trying to recover.

Currently, the market capitalization of altcoins (all the altcoins combined) is resting at its 2018 all-time-high. It’s also on support.

Let’s look at some of the altcoins that have performed well and gained momentum recently.

1. Litecoin (LTC)

LTC saw a price surge in recent weeks. It is currently trading at $72.38, which is a 20.41% increase in just 7 days. It has gained nearly 30.33% in the last 30 days, which is substantial given the aftermath of the FTX collapse. According to data by Coinmarketcap, LTC is up by 35.22% in a span of 60 days and 31.29% in the last 90 days.

2. Dogecoin (DOGE)

DOGE has been able to ride the momentum wave as well. It has seen an upside of 24.41% in the last 7 days and is currently trading at $0.944. In the last 2 months, it has gained 57.59%. And in the last 3 months, it has increased by 48.48%.

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3. BNB

BNB has also seen a price increase in the last seven days. It is currently trading at $294.98, after gaining 14.09% in a week. BNB has gained 4.78% and 1.83% in the last 60 and 90 days, respectively.

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4. Ripple (XRP)

XRP has also cashed in, gaining 8.73% in the last 7 days. It is currently trading at $0.379. It has seen an upside of 15.10% in the last 3 months. LTC’s trading volume has spiked by 66.05% in the last 24 hours.

As four of the top altcoins have gained significantly in the last seven days, it is very likely that this trend will continue. If the momentum continues, the prices of other coins may rise as well.

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