Famous traditional coins, including Bitcoin (BTC), Ethereum (ETH), Solana ($SOL ), Arbitrum ($ARB ), and Optimism ($OP ), demonstrate a significant likelihood of growth in the near future as the total value locked (TVL) in some of these ecosystems continues to rise, and market leader BTC approaches a price level of $100,000.

With a dominance of 57.4%, BTC leads the market as the oldest cryptocurrency. According to CoinMarketCap data, the market capitalization of Bitcoin is $1.87 trillion, trading at $94,868.30 after a price surge of 41.19% last month. Created as a hedge against inflation and a means of savings by Satoshi Nakamoto, Bitcoin continues to attract investors worldwide.

On the other hand, Ethereum is the largest DeFi and smart contracts protocol. With the introduction of ETH staking and the Merge, the blockchain protocol is poised for enormous benefits from the adoption of blockchain technology. Meanwhile, the protocol's TVL has recovered to May levels, exceeding $65 billion.

In the last 24 hours, ETH has risen by 1.1% to $3,428.46. It has dropped 30% from its all-time high of $4,891.70, but has increased by 9.72% last week and by 38.40% last month. It has grown by 64.85% since November 2023.