Cryptocurrencies have been at the forefront of the financial world for some time now, with their prices surging and dropping with each passing day. Today, let’s take a look at the recent price performance of ETH, XRP, and MATIC, some of the top cryptocurrencies in the market.

Crypto Prices: ETH Analysis

After much turmoil in the cryptocurrency market, Ethereum (ETH) is back on the rise. The price of ETH is now hovering around the $1,800 mark, an increase of almost 11 percent in the past few weeks. This surge has been attributed to an increase in demand for the currency as more investors look to invest in it. Ethereum is also benefitting from increased adoption in the blockchain industry, with several businesses utilizing its technology.

Moreover, Ethereum’s recent price surge is also largely due to the upcoming Ethereum 2.0 upgrade, which is expected to bring scalability and other improvements to the Ethereum network. This has investors bullish about the future of the currency and is likely to contribute to its further appreciation.

Finally, Ethereum has gained from the recent decline in Bitcoin’s dominance in the cryptocurrency market. With Bitcoin’s share of the total market capitalization falling below 50%, it has opened up the market for other cryptocurrencies to gain more attention and investment.

XRP and MATIC Price Analysis

Ripple’s XRP is also doing well in the cryptocurrency market. The currency is currently trading at $1.30, up from a low of $0.20 at the start of the year. The currency has benefitted from increased usage in the financial sector, with several financial institutions utilizing its technology for faster and cheaper payments. Moreover, investors are also bullish about the currency’s prospects due to its upcoming launch of XRP-2, a new version of its technology that is set to increase scalability and make the network more secure.

Meanwhile, Matic Network (MATIC) is also doing well. The price of MATIC has more than tripled since the start of the year, rising to $0.45 from a low of $0.14. MATIC has gained from its increased usage in the DeFi sector, with more and more projects utilizing its technology. Additionally, the coin is also benefitting from its upcoming launch of a new version of its technology, Matic Chain, which is set to bring more scalability and increased security.