The crypto market has continued to show signs of a bullish run after the recent bearish period last week. This could be attributed to the rebound of top coin Bitcoin which crossed the $8000 mark 24 hours ago and other coins have followed its lead.
Ethereum (ETH) the second largest coin based on market cap enjoyed a positive trade with the coin gaining 3.41% in the last 24 hours. The top altcoin has been boosted by news of its impending update to the 2.0 version which has increased hopes that it could attain effective scalability.
Ethereum is currently priced at $257 per unit with a 24 hour trade volume of $8,688,546,940. It is expected that ETH will continue in this current trend over the weekend .
XRP is one of the cryptocurrency that had been able to dominate the finance sector with several financial institutions implementing its solutions. The number 3 ranked coin was one of the gainers in the last 24 hours.
XRP is currently priced at $0.400559 per unit with a 24 hour trade volume of $1,225,894,103. Ripple is considered one of the top projects within the crypto community and more partnerships is expected from the cross-border payment platform.
Tron (TRX) is one of the fast rising coins with its eccentric CEO, Justin Sun regularly influencing the price with his updates on Twitter. It is no surprise that the coin has managed to become one of the top coins for decentralised Apps development.
Tron has been one of the coins that has made steady gains in recent weeks and the coin gained 2.11% to the dollar in the last 24 hours of trading.
Currently priced at $0.033002 for a unit the coin is expected to make rapid gains due to impending updates expected before the end of June.
The current growth among the top coins bodes well for the crypto market as investors and speculators believe that this could result to sustained upswing similar to that of 2017.