The price of the token has experienced a significant increase of 22% this week, bringing the month-to-date gain to an impressive 152%. This surge has propelled the token’s market capitalization to $30.85 billion, solidifying its position as the world’s 10th-largest digital asset.
In comparison, the CoinDesk 20 Index (CD20), which serves as a barometer for the broader crypto market, has seen a more modest increase of 14% this week and 58% this month.
These recent developments highlight the growing popularity and value of the token, as well as the overall positive trend in the cryptocurrency market. Investors and enthusiasts alike are closely monitoring these movements, eager to see how the market will continue to evolve in the coming weeks.
