Ethereum grew by 17% over the week

According to Coinmarketcap, the value of the second largest cryptocurrency by capitalization rose by 17% over the week. At the time of writing, ethereum is trading at $ 1565. The altcoin’s capitalization has reached $ 192 billion, and daily trading volumes are currently at $ 16.4 billion.

The growth of ETH is not the only positive indicator for the week, among the top 10 cryptocurrencies, Binance Coin (BNB) token showed significant growth, rising by 20% in 7 days. BNB is currently trading at $ 328.4. As for the flagship cryptocurrency, its price increased by 5.86% over the week. Bitcoin is currently trading at $ 20,368.

The best result for the week was achieved by the meme cryptocurrency Dogecoin, whose quotes increased by 100%, and the profitability indicator amounted to $ 15.56 billion. At the time of writing, DOGE is trading at $ 0.117. Experts logically attributed the strong interest in the token to the fact that Elon Musk became the full owner of Twitter. The billionaire has repeatedly spoken positively about the prospects of the DOGE cryptocurrency. Earlier, we reported that thanks to the purchase of Twitter, the value of Dogecoin increased by 150% in just 4 days. However, cryptocurrency analysts suggest that the price of DOGE could fall by 60% by the end of this year.

According to some cryptocurrency analysts, the bear market is coming to an end, so crypto investors have a chance to increase their income in the near future. For example, Michael van de Poppe, an analyst and founder of Eight trading company, is convinced that BTC will be trading for $ 30,000 in November.