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Cryptocurrencies: 12,866
Markets: 940
Marketcap: $ 2.05 T(0.79%)
24h Vol: $ 87.19 B
BTC Dominance: 48.87%

Crypto Market Surges as SOL and AVAX lead Gains in 2021

Two cross-chain rivals lead the market rally

The cryptocurrency market has seen impressive gains in 2021, with Solana (SOL) and Avalanche (AVAX) emerging as the top performers among major cryptocurrencies by market capitalization.

Solana has shot up by a staggering 620% year-to-date (YTD), while Avalanche has grown by 290% YTD. As a result, Solana’s market cap has jumped from $4.3 billion to $48.46 billion, and Avalanche’s market cap has increased by $13 billion to reach $16 billion.

BTC and ETH experience significant growth

Bitcoin (BTC) and Etheruem (ETH) have also witnessed strong growth in 2021. Bitcoin’s price has more than doubled from around $17,400 to over $42,700, giving it a market capitalization of $836.28 billion. Ethereum’s price has climbed 85%, with its market cap now at $507 billion.

Testnets and issues in the crypto space

Waterfall Network recently announced the release of Testnet 8, the final test before its public mainnet launch. The testnet focuses on optimizations and bug fixes to enable over 10,000 transactions per second. Meanwhile, Mt. Gox trustees sent double payments to creditors via PayPal during the first repayment, asking recipients to refund the excess amounts.

While major cryptocurrencies like SOL and AVAX appear poised to continue their impressive rallies, network upgrades and issues bring both opportunities and risks for the wider crypto ecosystem. Read more here.

Mt Gox issues refund requests after sending double payments to creditors.

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