Solana

Cronos

Terra

Billion

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/crypto-industry-records-new-yearly-high-will-the-market-keep-up-the-bullish-run/">Crypto Industry Records New Yearly High! Will The Market Keep Up The Bullish Run?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto industry has displayed a massive price action this week as the market has added over $110 Billion in valuation. The market had started the month on a bullish note as the previous month had recorded the second most bullish month for cryptocurrencies in the past 25 months, with a gain of roughly 29% in market valuation.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/rzIkxvv4v7Jw_Dq9yOA46eLU8omCpilVJnpvAmLaULjPwATgt0ZGWqq0aG60vb6ZF_Zd9L4AsbNrZ-M-ovUE5SvD51ih8G4c8yJpr49Sxugn4ctoG17xsBhzwfFz_Y0r8wMJU16qGxn0_NQGTfhE_UY" alt="Market Cap">
 <figcaption class="wp-element-caption">
  TradingView: Crypto Market Cap
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="h-elite-coins-record-new-yearly-high">Elite Coins Record New Yearly High:</h2> 
<p>Bitcoin price has gained over 6% in value, breaking the price out of the $36,000 mark for the first time and further recording its 18-month high in terms of price. The price recorded a high of $37,941.64, resulting in a change of over 130% YTD.</p> 
<p>Ethereum has followed in the market leader’s footsteps and crossed the $2,000 mark for the first time since July this week, successfully achieving its yearly target, indicating a bullish influence in the market. The <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">ETH price</a> has roughly gained 74% Year to date.</p> 
<p>Ripple’s XRP price managed to clock the $0.70 mark for the first time during the first half of the trading week, following which the price experienced a minor correction, but the bulls have managed to hold the price above the level, indicating a possibility of a rebound soon.</p> 
<h2 class="wp-block-heading" id="h-altcoins-start-gaining-major-traction">Altcoins Start Gaining Major Traction:</h2> 
<p>Altcoins, such as Polygon’s MATIC and Cronos tokens, have displayed significant price actions, each gaining over 21% and 56% in their values. Polygon price surged following the news of sister token “POL” hype.</p> 
<p>FTX’s FTT token price surged following the SEC’s Chair, Gary Gensler, stating a <a href="https://coinpedia.org/price-analysis/ftx-price-surges-60-amid-rumors-of-ftt-exchange-relaunch/">bullish statement</a> on the company’s potential and future. The price recorded a surge of whooping 300% within the past week, making it the top gainer in the industry for the week.</p> 
<p>Solana has displayed an impressive move, as the coin has added over 50% in value within the first ten trading days of the month and has added over 150% in the past week, making it one of the top gainers in the industry.</p> 
<p>Toncoin had gained over 12% and had surpassed Tron coin in terms of market cap for two days before experiencing a pullback in its value. Terra coins have recently gained momentum, with LUNA 2.0 price recording a gain of 53% and Terra LUNC 25% within the past day.</p> 
<h2 class="wp-block-heading" id="h-memecoin-mania-on-the-verge-to-ignite">Memecoin Mania On The Verge To Ignite:</h2> 
<p>Memecoins have also recorded massive growth as the category has added over 10% in its valuation. Category leader <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin price</a> has registered a pump of 17%, with other famous coins such as Shiba Inu, Floki, and Pepe coins adding 16%, 5%, and 18%.</p> 
<p>Overall, the memecoin category has witnessed massive price action recently, indicating a positive uptrend for the industry in the coming days. The coins are highly volatile and influential, but their recording of new ATHs during the upcoming bull run is inevitable.</p> 
<h2 class="wp-block-heading" id="h-conclusion">Conclusion:</h2> 
<p>The crypto market has been trading on a bullish sentiment for over three weeks, indicating a strong future price action for the industry. Various reasons sum up to this surge, such as the rising inflow of institutional investors and increasing whale activities in the market.</p> 
<p>Analysts predict the crypto space has already entered the bull run cycle, and the star crypto recording a price level of $40,000 before the year-end will confirm it. The industry is predicted to record new ATH by 2025, with the market leader surpassing the $100,000 at its peak.</p>

Crypto Industry Records New Yearly High! Will The Market Keep Up The Bullish Run?

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