/ Discover the latest insights of the crypto market today: Ethereum (ETH) surging, While USTC, LUNC and LUNA makes comeback.
Author: Nilesh Hembade
Date: 26 Feb 2024, 09:47 AM IST
As the new week kicks off, the crypto market is witnessing some notable movements, with Ethereum (ETH) leading the charge towards bullish territory and Terra ecosystem tokens staging a significant rebound.
Ethereum (ETH) Bulls in Action
Ethereum (ETH) investors have reasons to celebrate as the price of the second-largest cryptocurrency by market capitalization surges past the $3,100 mark. The bullish sentiment is fueled by anticipation surrounding the approval of Ethereum SPOT, a development that could further propel ETH’s value.
Current Prices of Bitcoin (BTC) and Ethereum (ETH)
While Ethereum steals the spotlight with its bullish momentum, Bitcoin (BTC) is experiencing a slight dip in its price, down by 0.14% to $51,497 in the last 24 hours. However, despite this minor setback, Bitcoin maintains its status as a trillion-dollar asset with a market cap of $1.01 trillion. On the other hand, Ethereum (ETH) is on a positive trajectory, trading at $3,105, marking a 2.76% increase in the last 24 hours, and boasting a market cap of $372 billion.
Terra Ecosystem Tokens on the Rise
Today’s spotlight shines on the Terra ecosystem tokens, which are staging a notable comeback, marked by green candles across the board.
1.TerraClassicUSD (USTC): The price of TerraClassicUSD (USTC) has surged impressively by 18.02% to reach $0.03811 in the last 24 hours. With a market cap standing at $343 million, USTC demonstrates resilience and strength within the Terra ecosystem.
2.Terra Classic (LUNC): Terra Classic (LUNC) is also experiencing a positive surge, witnessing a 5.03% increase in its price to reach $0.0001288 in the last 24 hours. With a market cap of $742 million, LUNC shows promising signs of recovery and growth.
3.Terra (LUNA): Not to be left behind, Terra (LUNA) showcases a 4.10% surge in price, reaching $0.6880 in the last 24 hours. With a market cap of $460 million, LUNA’s upward movement adds to the optimism surrounding the Terra ecosystem tokens.
In conclusion, the crypto market is abuzz with excitement as Ethereum (ETH) leads the charge towards bullish territory, while Terra ecosystem tokens stage an impressive rebound.