Bitcoin, Solana, Cardano and other top cryptocurrencies to watch out for today

Sep 8, 2021 By: BI India Bureau Credit: Canva

Bitcoin has crossed the USD 52,000 threshold

After teetering at the USD 50,000 boundary, the world’s oldest cryptocurrency is on a hot streak Credit: Canva

The world’s oldest cryptocurrency has risen by nearly 2 percent in the last 24 hours

And, in the last one week, it’s up by 11.39 percent Credit: Canva

BTC current market value is worth USD 990 billion

Nearing the USD 1 trillion milestone Credit: Canva

More importantly, El Salvador is going to launch BTC as legal tender today

This will make it the first ever sovereign nation to do so Credit: Canva

The second biggest cryptocurrency on the market is stuck below USD 4,000

And, trading flat Credit: Canva

Ether broke the USD 4,000 barrier last week

But the bulls have been unable to sustain the high levels Credit: Canva

Ether is currently trading at USD 3,914

It has risen by over 20 percent over the last one week Credit: Canva

Cardano has been trying to beat the USD 3 barrier

And keep its momentum going… Credit: Canva

...But bullish momentum is slowing down

The cryptocurrency is currently trading at USD 2.83, down by 2.29 percent in the last 24 hours Credit: Canva

This could be because its Alonzo update has been garnering some bad press

The glitches on Cardano’s first DApp were highlighted by influencers on social media

They allege that ADA may not be able to handle multiple transactions Credit: Canva

As with Cardano and Ether, Binance Coin has been struggling to keep ahead as well

It’s currently trading at USD 496, unable to push past the USD 500 barrier Credit: Canva

Solana may not be as big as the big three — BTC, ETH, and ADA

But that also means it has more room to grow Credit: Canva

The cryptocurrency has jumped by over 25 percent in the last 24 hours

That accounts of half of the gains seen in the past one week Credit: Canva

Ripple’s XRP is currently at USD 1.38

Up by more 4 percent in the last 24 hours Credit: Canva

Elon Musk’s favorite Dogecoin is in the red

The cryptocurrency has dipped by 1.64 percent in the last 24 hours Credit: Canva

Polkadot is trading at USD 34.93

Its price is up by nearly 3 percent Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of 12 pm IST and may change over the course of the day Credit: Canva

Solana price surge is leaving Bitcoin, Ethereum and others in the dust today