The cryptocurrency market has seen monumental growth in 2021, with digital assets like Hedera (HBAR), Chainlink (LINK), The Sandbox (SAND), VeChain (VET), Fantom (FTM), Quant (QNT), XRP, Avalanche (AVAX), and Axie Infinity (AXS) reaching billion-dollar valuations. Now, these altcoins are exploding again after months of stagnation.

According to CoinMarketCap, the total value of the digital asset space recently reached $3.5 trillion, with HBAR up 36.33%, LINK up 26.33%, SAND up 19.67%, VET up 29.14%, FTM up 15.83%, QNT up 20.60%, and XRP up 11.26%. Additionally, AVAX and AXS are up 8.37% and 15.12%, respectively.

Most of these altcoins are still well below their all-time highs in 2021, but have made up for years of sideways movement, including XRP, which has reached a multi-year high and is moving towards the $3 price level. The main reason for this jump could be that Bitcoin (BTC) remains strong above $95,000 and capital is moving into the altcoin sector.$RSR $IOTA $FUN