Altcoins Show Bullish Trend as BTC Dominates South Korea

Altcoins Show Bullish Trend
  • Altcoins show bullish signals 
  • The whole crypto market cap is up by 3.6%

The market capitalization of the whole crypto market is up by 3.6%. As a result, Altcoins such as ETH, BNB, XRP, and DOT are now skyrocketing. Specifically, each of these cryptos mentioned above recorded a 7-day growth rate of over +10%. Indeed, this is an event that caught the attention of investors around the world.

This made Lark Davis, a crypto analyst, react in a tweet post:

Furthermore, cryptos like XDC Network (XDC), and Compound (COMP) both scored a whopping over +100% growth rate in the past seven days. Today, XDC trades at a decent price of $.11 with a 24-hour trading volume of over $10 million. On the other hand, COMP raises its price to $451 per crypto with a huge market cap of almost $2.5 billion.

Moreover, despite the left and right issues faced by Bitcoin, the crypto continues to win the trust of many. Interestingly, the government of South Korea is now accepting Bitcoin as a payment option for goods and services in the country. Truly, this is a piece of great news celebrated by the crypto community in the country.

In other news, Ricardo Salinas Pliego, the third richest man in Mexico and 166th in the world, announced that his Banco Azteca may begin accepting Bitcoin. If this happens, Salinas’ banking business would become the first bank in the country to accept crypto.

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