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    Altcoins surge higher as Bitcoin sustains key support level above 60K.

    Abstract:The crypto market has increasingly witnessed great volatility since the month of November following Bitcoin (BTC) breakout: with Bitcoin surpassing it's previous ATH at 64k in May before the crash to create a new ATH at $66,998 just last month. Consequently, the market has struggled since the month of November to maintain a strong support for Bitcoin above 60K. While Bitcoin has been able to maintain this key support level since the month of October and presently November, Altcoins have since then shown significant recovery with some already witnessing 200% increase and more within this short interval.

      The crypto market has increasingly witnessed great volatility since the month of November following Bitcoin (BTC) breakout: with Bitcoin surpassing it's previous ATH at 64k in May before the crash to create a new ATH at $66,998 just last month. Consequently, the market has struggled since the month of November to maintain a strong support for Bitcoin above 60K.

      While Bitcoin has been able to maintain this key support level since the month of October and presently November, Altcoins have since then shown significant recovery with some already witnessing 200% increase and more within this short interval.

      With Bitcoin sustaining the support above 60k, Altcoins have shown significant recovery thus far. Notably among the Altcoins that have shown significant recovery are: SHIBa Inu, BNB, ETHereum, Cardano,CHR, MANA, HNT, etc.

      However, the following Coins have seen the greatest increase in their market Capital so far since November.

      1. Bitcoin (BTC)

      Market cap: Over $1.17 trillion

      Bitcoin had remained the king of all Crypto investment with the largest market capital above 1 trillion since the month of November. This positive trend have favored the recovery of Altcoins.

      2. Ethereum (ETH)

      Market cap: Over $520 billion

      After Bitcoin, Ethereum has remained the favorite of program developers because of its potential applications, like so-called smart contracts that autoMATICally execute when conditions are met and non-fungible tokens (NFTs).

      Little wonder, Ethereum has also experienced tremendous growth. Thus within the space of five years, its price went from about $11 to over $4,600 p presently which is approximaTELy 40,200% from its creation. It has risen by over 10% for the month of November alone.

      3. Binance Coin (BNB)

      Market cap: Over $88.5 billion

      The Binance Coin is a native token that can be used to trade and pay fees on Binance, trust wallet and other smart Chain projects. It's creators Binance in itself has become one of the largest crypto exchanges in the world. Its price in 2017 was just $0.10; and suddenly by Oct. 29, 2021, it had risen to over $530, a gain of more than 535,000% and currently trading at $660 this weekend which is nearly 580,000% gains so far.

      4. Tether (USDT)

      Market cap: Over $70 billion

      Tether is a stablecoin and therefore backed by fiat currencies like U.S. dollar and retains a value equal to the fiat dollar. Given its stability, investors have preferred it as the store of values before buying into the market.

      5. Cardano (ADA)

      Market cap: Over $66 billion

      Cardano is notable for its early embrace of proof-of-stake validation. Cardano‘s ADA token has shown relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. Presently, its price is ranging at $2.01 over the weekend. This is an increase of almost 10,000%.

      6. SOLana (SOL)

      Market cap: Over $60 billion

      This coin was developed to help power decentralized finance (DEFI) uses, decentralized apps (DApps) and smart contracts. It runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana‘s native token, powers the platform. Launched in 2020, SOL’s price started at $0.77. Presently its price is ranging at $255, a gain of more than 26,900%.

      7. XRP (XRP)

      Market cap: Over $50 billion

      Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. At the beginning of 2017, the price of XRP was $0.006. Presently its price is ranging at $1.1855, equal to a rise of 18,000%.

      8. PolkaDOT (DOT)

      Market cap: Over $43 billion

      As Cryptocurrencies further aims at using a great number of blockchains; Polkadot (and its namesake crypto) aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. This integration may change how cryptocurrencies are managed and has spurred impressive growth since Polkadots launch in 2020. Between September 2020 and November, 2021, its price grew about 1,800%, from $2.93 to $52.19.

      9. Shiba Inu (SHIB)

      Market cap: Over $41 billion

      Shiba Inu has become one of the latest so-called “MEME” coins to make it big. Siba Inu runs on the Ethereum network. With an initial price of $0.0000000014, SHIB still trades way below a single cent but has risen immensely in value this month to $0.000084567, a 5,900,000% increase so far from its launch.

      10. DOGEcoin (DOGE)

      Market cap: Over $38 billion

      Dogecoin has been a hot CAKE due to celebrities and billionaires like Elon Musk involvement. Dogecoins price in 2017 was $0.0002. By November 2021, its price was at $0.30—an almost 146,000% increase since creation.

      Top Altcoins Gainers so far since 2021.

      Above all, according to CoinMarketCap rating the following coins have witnessed the greatest increase for the year 2021

      1. EcOMI (OMI) +15,034.09%

      2. GALA (GALA) +10891.26%

      3. Axie Infinity (AXS) +10598.52%

      4. Telcoin (TEL) +9597.44%

      5. Solana (SOL) +7998.67%

      6. Fantom (FTM) +7155.14%

      7. Polygon (MATIC) +6805.13%

      8. Rari Governance Token (RGT) +5491.43%

      9. BAO Token (BAO) +5279.38%

      10. Verasity (VRA) +5200.33%

      Other Notable Gainers in 2021 are:

      Terra (LUNA) +5071.23%

      Rubic (RBC) +4098.03%

      Dogecoin (DOGE) +3855.02%

      PancakeSwap (CAKE) +2963.16%

      The SANDbox (SAND) +1896.16%

      NKN (NKN) +1717.02%