Bitcoin to the Moon: the rate has exceeded $100,000
On December 5, the first cryptocurrency confidently surpassed the $100,000 mark. At the time of writing, its value is about $103,000. The sharp growth was supported by a significant increase in trading volumes. On the Binance exchange, the price reached a maximum of $104,088.
Dogecoin is 11 years old
December 6 marked 11 years since the emergence of the pioneer among meme coins, Dogecoin. In honor of the anniversary, the coin’s price briefly exceeded $0.46, but failed to return to its all-time high of November at $0.48, which remains the highest price in the last three years. Dogecoin’s all-time high of $0.73 was recorded back in May 2021.
At the time of writing, DOGE is trading at $0.4377 and ranks seventh by market cap in the CoinGecko ranking, valuing its value at $64.4 billion. Over the past 24 hours, the coin’s trading volume has amounted to about $11 billion.
Ethereum is showing active growth
On December 6, the second-largest cryptocurrency by market cap surpassed $4,000, the first time since March. The asset has gained 1.4% in the past 24 hours, according to CoinGecko. On December 5, Ethereum-focused spot ETFs saw a record inflow of $428.5 million.
TRON rate hits new historical maximum
On December 3, the TRON (TRX) price recorded an impressive rally, reaching an all-time high of $0.45, up 103.4%. However, at the time of writing, the growth rate has slowed significantly, to 63.6%. TRX is currently trading at $0.381. As a result, the cryptocurrency has dropped to 11th place in the list by market cap, which is $32.5 billion, after briefly being in the top 10.
BNB has regained its place in the top 3 by capitalization
BNB is once again set to return to the top 3 by capitalization. In the last 24 hours, the cryptocurrency has demonstrated an impressive growth of 15%, which signals its desire to once again take a worthy place among the market leaders.
Ethereum developer: Solana will not kill Ethereum
The Solana network, originally conceived as a "killer" of the second cryptocurrency by capitalization, does not pose a threat to Ethereum, according to one of the leading Ethereum developers Justin Drake. In an interview with CoinDesk, he noted that competing with highly specialized networks in speed and throughput is a task for Layer 2 solutions, and not for Ethereum itself.
Drake also emphasized that the latest Beam Chain update is aimed at improving the long-term stability of consensus, unlike Solana, which focuses on performance, but not reliability. He believes that in the future, Solana will not be able to compete with Ethereum in a real way. The main priority for first-layer blockchains is security, and scalability issues can be solved through second-layer solutions.
