With the appreciation of Bitcoin (BTC) and Ethereum (ETH), other cryptocurrencies have also gained investor support.
Given his awareness in alternative digital currencies, a reporter in the sector signed five tokens worth more than BTC and ETH in the first quarter of this year.
According to Gregory RaymondBinance (BNB), Cardano (ADA), Uniswap (UNI), Polkadot (DOT), and XRP topped 169%. The value of BTC and ETH increased by 103% and 160%, respectively.
The original Binance token represents the largest increase in the past three months, around 705%. In January, BNB cost around R $ 220.
At the time of writing, the cryptocurrency was priced at 2531.76 BRL, an increase of 7.61% in the past 24 hours.
According to trader Wellington Silva, BNB could cross the $ 500 mark; in his analysis, the expert highlights the cost of his fees as an advantage over Ethereum transactions.
The sixth largest cryptocurrency by market value has met experts’ expectations. Cardano surpassed the rating EthereumSome experts predict.
At the start of the year, the cost of the ADA was around R $ 1.04. Three months later, the value of the cryptocurrency has increased by 557%, and it is currently trading at 6.85 BRL.
The decentralized exchange symbol Uniswap grew 444% in the first quarter alone. Four times more than Bitcoin.
At a cost of R $ 170.40 as you write, UNI has over 89 billion Rials R $ by market value.
After negotiating R $ 53 at the start of the quarter, Polkadot was up nearly 300%. Its updated value is R $ 231.31.
In February, Goldman Sachs and JPMorgan both invested in DOT. Wall Street banks have invested in Exchange Traded Products (ETP).
DOT reinforces an optimistic position in the market. Recently, investment fund FD7 Ventures also announced its interest in cryptocurrencies.
Even with the actions of the US Securities and Exchange Commission, the original symbol for the company ripple It remained steady in the market.
XRP, the fourth largest crypto system by market value, grew by 169%. Currently, the original Ripple token is priced at R $ 5.80.
Also read: Token de exchange valoriza 3.300% e supera Binance Coin
Also read: The analyst argues that the “off-the-radar” token could become the new Ethereum
Also read: Bitcoin rises on the road: Investors are increasing their bitcoin purchases
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