Ethereum and Cardano lead crypto rally as Bitcoin remains slack

Chainlink added 8.9% to US$25.70, Fantom jumped 6.4% to US$3.11, while Internet Computer surged 23.9% to US$36.16

Cryptocurrencies started on the front foot on Wednesday with six of the largest ten cryptos gaining value.

Ethereum, the second-largest crypto by market value, jumped some 1.5% to US$3,817 – making it the largest riser in the top 15.

Meanwhile, Bitcoin was down 0.2% in early deals at US$46,597.

Binance Coin, Tether, Solana, and XRP all experienced gains of up to 1%, while Cardano advanced 1.9% to US$1.35 to stand out as the most prominent positive mover among the alt-coins.

USD Coin and Polkadot were on the back foot but fell less than 1%, whilst Terra slumped some 3.6% to US$85.23.

Now, onto the ‘meme-coins.’

Dogecoin, which is currently the twelfth largest digital currency by market capitalisation of US$22.5bn, fell 1.0% to US$0.17.

Shiba Inu, Doge’s rival coin slipped 0.7% to US$0.000033 – some 62% below its all-time high reached in late October last year.

Elsewhere, other notable cryptos were also strengthening.

Chainlink added 8.9% to US$25.70, Fantom jumped 6.4% to US$3.11, while Internet Computer surged 23.9% to US$36.16.


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