The cryptocurrency market also witnessed a rise on Thursday. As of 4 p.m. ET, the crypto market cap was up more than 1 percent in the past 24 hours to $3.04 trillion. There was a lot of ups and downs in the crypto market recently. Amidst this, some cryptocurrencies have made investors rich. One such cryptocurrency is Surge, which has made investors millionaires in just one year.
The price of Surge jumped on Thursday. At 4 pm, the cryptocurrency was trading at $0.1295 (approximately ₹11.87), up more than 5 percent in the last 24 hours. It has given investors returns of more than 86,000 percent in one year. If you had invested ₹1 lakh in it a year ago, today that amount would have grown to more than ₹8.60 crore.
250% return in 7 days
It has more than tripled investors’ money in 7 days. Seven days ago, the price of Surge crypto was $0.03686 (approximately ₹3.38). Now, this cryptocurrency is trading at $0.1295. Thus, its 7-day return has been 250 percent. This means it has turned ₹1 lakh into ₹3.50 lakh in 7 days.
What about other cryptocurrencies?
On Thursday, several major cryptocurrencies, including Bitcoin, showed a mixed performance. Bitcoin was trading at $90,000, up nearly 1 percent in 24 hours. Ethereum rose by 1.27%, Binance and Ripple both by about 2.50%, and Tron by about 1 percent. Dogecoin also saw an increase of more than 1.5 percent. Pi Network also jumped by more than 2 percent.
What is the opinion of experts? WazirX Founder Nischal Shetty says that in the last 24 hours the crypto market has reacted to global macroeconomic signals. Global tensions have caused short-term volatility, causing traders to reduce leverage and become more cautious. Bitcoin and other major crypto assets are currently stable as market participants reassess risk, liquidity and the overall macroeconomic outlook.
