- FIL, ETC, BTG, LDO, and ICP boosts market price
- Bitcoin nearly reached $24K
- USDC might flip USDT
The cryptocurrency space never fails to surprise its investors with its impressive performance. Filecoin and Ethereum classic are some of the top cryptocurrencies that stormed the crypto market today.
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Source: CoinGecko
As seen in the chart above, cryptocurrencies such as Filecoin, Ethereum Classic, Bitcoin Gold, Lido DAO, and Internet Computer recorded a huge growth rate averaging from +27% to +76% in the past 7 days. Best of all, this aggressive performance was performed by these cryptocurrencies despite the market carnage nowadays.
Meanwhile, Bitcoin, the king of cryptocurrency, continues to struggle below $25K. However, despite being trapped within the bearish territory, BTC was able to pump its price, nearly reaching $24K.
Lark Davis, crypto analyst, and enthusiast, reacted to this,
Based on the tweet posted by Lark, he said that “The best times historically to buy #Bitcoin have been when most people were scared to do it! Guess that is happening now?” The tweet has over 1000 like that keep increasing over time.
In other news, USDT (Tether) and USDC (USD Coin) are the two largest stablecoins right now. Both stablecoins have a combined share of over 80% of the total stablecoin supply in the market.
Currently, Tether USDT is sitting at the top, for it holds over 50% of the total stablecoin supply, followed by USDC, which was nearly at 30%. However, a report from Arcane Research showed that USDC might overtake USDT’s position in the future.
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