Bitcoin's and ethereum's gains pale in comparison to the rallies seen by some smaller cryptocurrencies this week...
cryptocurrencies have made far larger gains."Investors are hoping the bear market is over with the start of the new calendar year," Alex Kuptsikevich, FxPro senior market analyst, said in emailed comments.
Two major ethereum rivals, cardano and solana, have each leaped more than 20% since this time last week. Solana, which had suffered in the aftermath of the FTX collapse due to its close links with founder Sam Bankman-Fried, has come back within touching distance of the crypto top ten, as measured by CoinMarketCap.
Further down the charts, another ethereum rival that emerged from the ashes of Facebook's failed digital currency, aptos, has rocketed 30%, almost doubling its price in a week., a cryptocurrency linked to blockchain-based gaming platform Gala Games, more than doubled in price after the network's developers announced via Twitter that Gala Games was partnering with Hollywood A-listers Dwayne"The Rock" Johnson and Mark Wahlberg.
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