Bitcoin’s Price Surge Leads to Speculation on Altcoin Performance

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As Bitcoin experiences an incredible price surge in the final days of the week, speculation is already mounting on whether BTC will surpass the $64,000 mark and reach the all-time high (ATH) level of $69,000. Meanwhile, investors seem to be turning their attention to altcoins, which have been significant in the market for a long time. In this context, we have taken a closer look at the latest price situations of three different altcoins.

What’s the Dollar Price of MATIC Coin?

At the top of our review is MATIC. Recently surpassing $1 and maintaining that level, MATIC is currently trading at $1.03. This price level emerged after a 5% increase in the last 24 hours.

While MATIC’s market cap has seen an increase, its 24-hour trading volume has decreased. The market cap of MATIC has risen by 8% to exceed $10 billion, while the 24-hour trading volume has decreased by 0.76% to $833 million. This decline in trading volume could be interpreted as a decrease in interest in MATIC.

Shiba Coin (SHIB) Reviews

In the meme coin world, SHIB is considered to come right after Dogecoin and is known as the DOGE killer. SHIB’s price has joined the general meme coin market rally today and has risen over 20% to $0.00001353 at the time of writing.

The increase in SHIB’s price could potentially be seen as the start of the movement long-awaited by investors. During this period, both SHIB’s overall market cap and trading volume have seen significant growth. SHIB’s market cap has increased by 19% to over $7.9 billion, while the 24-hour trading volume has surged by 76% to over $2 billion.

The Current State of Reef Coin (REEF)

REEF was one of the projects that made a name for itself during the last bull run but later experienced a sharp decline. As of today, the price of REEF seems to be recovering, which could be interpreted as aligning with the increase in BTC’s price.

In the last 24 hours, REEF’s price has seen an 8.7% increase, bringing the price to $0.002177. During this period, REEF’s market cap has grown by 8.6% to $49.6 million, while its trading volume has decreased by 20% to $41 million, which could be seen as a sign of waning investor interest in the altcoin.

The rise in Bitcoin’s price appears to be influencing the entire cryptocurrency world. Should Bitcoin potentially reach its ATH, it’s not incorrect to say that altcoins might follow suit under today’s market conditions. However, investors should not forget the high volatility of the cryptocurrency world, which would be beneficial for them to remember.