"Big Week" Sees Either, Cardano, Solana Lead Altcoin Charge As $100k Bitcoin Nears

Bitcoins price had been stuck in the doldrums between $60k-$63k last week.
Altcoin are striving to close the gap between them and the leading cryptocurrency.
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Several reasons account for the increase in the value of atcoins in the last 7 days.
Bitcoin has heigtened up from the highs of the first Us Bitcoin ETF launch amid other positives that saw it rack impressive gain in october. Right now, the charts have upsurged and altcoins are also showing off.
The Altcoin Buzz
Over the last 14 days, Bitcoin has recorded steady upsurges and in the last 24 hours, the asset has soared 5% to hit a new all time high. During last week, prices hovered between $60k and $64k which stands in stark contrast to the upswings of the previous month. While Bitcoin traded sideways, several altcoins spiked in value, reducing the market share controlled by Btc.
Matthew Dibb,Coo of stack funds noted that the Bitcoin dominance chart indicates that the markets is learning toward altcoin exposure and he expects the trend to continue in the short term. Bitcoin market dominance has fallen from 46% to 42.58% over the week while Ethereums share near 20%.
Leading the surge for the altcoin are Etherreum, Cardano and Solana that have attained record levels this week. Ethereums new record of $4,837 puts the assets market capitalization well over half a trillion dollars Solana on the other side is not resting on its oars as its recent gains saw its displace cardano as its has gained over 12% in 24 hours with just a few cents short of clipping a new all time high.
"Alternative coins to ETH are still in favor," said Daniel Kukan of Crypto Finance AG in line with analyst, another ETH killer, polkadot, has climbed by over 20% in the last week. Polkadot manage this feat against the backdrop of the network's first parachain auctions gaining approval. It set an all time high $55.00 and currently rank in 8th place with a market cap of $52 billion.
Despite Altcoin's booming prices, Bitcoin has carried the global cryptocurrency market capitalization to over $3 trillion for the first time every and if the trend continues, the markets could surpass $5 trillion in no time.
Bitcoin To $100k?
Bitcoin's prices in recent days have had some analysts scratching their heads. According to Blockware intelligence, the direction in the immediate term is "not clear" but the asset remains long term bullish.
The crypto market's vigor may also ve partially whipped up by Facebook meta- verse announcement. Since the announcement assset linked to the meta- verse have increased in value with Decentraland and sandbox up by 88% and 132% respectively. Play- to earn tokens are not left out of the party as they also racked up impressive figures over the week.
Perhaps, the incoming Taproot Upgrade will provide a vast jolt to BTC. Butcoin set a new all timr high $68,530 5 hours ago amid predictions that the asset was well on its way to surpassing $100,000 before the end of the year.source