Ethereum's competitor Polkadot surged again, reaching new ATH above $ 30. Meanwhile, the value of all cryptocurrencies has reached a record 1.5 trillion USD.
The DOT rate is up strongly
Bitcoin broke the record again, reaching almost $ 50,000, but it is not the only cryptocurrency that has set new heights in recent days. One of them is Polkadot (DOT), considered one of Ethereum's greatest rivals.
According to CoinMarketCap data, the DOT rate surpassed USD 30.0 on Tuesday, eventually reaching almost USD 31.0, which is the highest level in history. This means an increase of about 10% over the last 24 hours. Since the beginning of this year, the token price has already increased by 290%.
According to analysts, this is not the end of the increases. In the short term, Polkadot may rise to $ 41.0, which is more than 30% from the current price, believes analyst Rakesh Upadhyay.
Cosmos leads the way. Record cryptocurrency capitalization
Among the 20 largest altcoins in terms of capitalization, Cosmos (ATOM) rose the most, both in the last 24 hours and on a weekly basis, by 23% and 77%, respectively. Today, the cryptocurrency has set a historic high of over $ 26.
Meanwhile, the total capitalization of all cryptocurrencies in the world, of which there are over 8,000, for the first time exceeded USD 1.5 trillion - of which about 61% is Bitcoin. Recall that the USD 1 trillion round barrier was broken in early January.
In 2021, the cryptocurrency market capitalization has already increased by almost 120%, and by over 440% annually.