The crypto sector has witnessed a notable boost as the majority of the prominent assets display substantial gains. As per the data from CryptoRank, the total market cap of the crypto realm has reached $3.36T with a 1.00% increase over the last 24 hours. In addition to this, well-known crypto assets like Bitcoin ($BTC), Ethereum ($ETH), and Slana ($SOL) have also experienced significant profits.
In the meantime, the Fear and Greed Index has jumped to 50, showing the “neutral” position. Overall, these positive developments signify the potential for further growth in the short term. CryptoRank has shared market review through its official social media, X account.
Bitcoin ($BTC) and Ethereum ($ETH) Record 0.15% and 4.69% Price Increases
CryptoRank’s data reveals a 0.15% increase in the price of Bitcoin ($BTC) on the 23rd of February. As a result of this, the top crypto asset is changing hands at $96,366. However, its dominance has seen a slight decrease of -0.86%, placing its market dominance at 56.90%.
Additionally, Ethereum ($ETH) has gone through a 4.69% price spike to reach $2,812 over twenty-four hours. Apart from that, its market dominance has also increased by 3.84% to reach 10.10% in total.
$LINK’s Price Witnesses Substantial 4.64% Surge among Others
Simultaneously, the top altcoins like $SOL, $BNB, $ADA, and $TRX have also recorded noteworthy gains. $SOL’s price has reached $172.07 after a 0.12% surge while $BNB’s price is $664.62 following a 1.38% increase. Along with that, $ADA has climbed by 2.78% while $TRX enjoys a 1.83% upsurge.
The other prominent players include $XRP and $LINK, recording 0.64% and 4.64% increases. Concurrently, the memecoin sector also presents a positive outlook with $DOGE and $SHIB accounting for 1.21% and 2.98% gains during past twenty-four hours.
$VALOR and $OM Lead Small and Large-Cap Gainers with 92.6% and 13.5% Surges
In line with the market data, the small-cap crypto gainers include $VALOR, $CAR, $SKI, $JAILSTOOL, and $SWARMS. These projects have seen 92.6%, 56.5%, 54.2%, 54.2%, and 49.0% daily gains respectively. Moreover, the large-cap crypto gainers take into account $OM, $SPX, $XCN, $OP, and $HNT. They reportedly saw gains of 13.5%, 9.26%, 8.29%, 7.12%, and 7.30% respectively.
InffinityGround, Primus Labs, and Acre Amass $2M, $6.5M, and $4M in Funding Rounds
The data from CryptoRank also points out the recent funding rounds of InfinityGround, Primus Labs, and Acre. Particularly, InfinityGround effectively collected $2.0M in its funding round while Primus Labs pocketed $6.5M. Additionally, Acre’s funding round added an amount of $4.0M. Despite a slight dip of -2.86% in spot volume, the overall crypto market presents a gradual increase in optimism.
