Currency
Updated : 2021-01-06 17:16:30
As Bitcoin scales new peaks in 2020 and early-2021, other cryptocurrencies are also having the time of their lives. Bitcoin’s peers, also known as altcoins, are known to rally in times of strength. So as Bitcoin rose to all-time highs of $34,000 on Sunday and then $35,000 on Wednesday, other digital tokens touched new heights as well. Here’s a look at how altcoins’ performance in the last three days.
Ether | The digital token of the Ethereum blockchain charged past $1,000 mark on Monday. It’s the highest level since Feb 2018. At the time of writing, the digital currency was trading at $1,110 up 8 percent in the last 24 hours.
Litecoin | Meanwhile, Litecoin was trading at new highs of 170.41 after settling down at $150s on Monday. The cryptocurrency rose 13 percent in 24 hours after Bitcoin touched $34,000. The currency gained over 100 percent m-o-m. At the time of writing it was trading at $161.44, recording a gain of 5.29 percent in 24-hours.
Ripple | The digital currency linked with Ripple climbed post-Bitcoin rally on Sunday. On Monday, XRP was trading 12 percent higher in the last 24 hours at $0.226 at 1:29 pm GMT+5:30. Currently, the currency is not worth half of what it was on December 17 — it was trading at $0.637.
ZCash | Forked from Bitcoin core, the digital currency, Zcash charged past $60 level after Bitcoin hit its high on Sunday. It was trading at $63.86 — it’s the highest level since January 2020 — on Monday. At the time of writing, Zcash was trading at $59.83 — 0.48 percent high from the previous day.
Bitcoin Cash | The cryptocurrency touched new heights of $456.92 on Monday, highest since February 16, 2020. At the time of writing, the internet currency was trading at $424.01, up 4.90 percent in 24-hours.
© Copyright 2020 BitcoinInvestmentBrief
