XRP, Stellar, and Cardano beat Bitcoin (BTC) in weekly gains
There are five lesser-known cryptocurrencies that are beating Bitcoin in terms of weekly gains.
Tue, 24 Nov 2020, 17:04 pm UTC
After having surpassed $19,000, Bitcoin is in the headlines recently as cryptocurrency market watchers are waiting with bated breath to see if it could sustain its climb, soar higher than its December 2017 peak, and establish a new all-time high. However, there are actually five altcoins that have posted higher weekly gains than major cryptos, including BTC.
With its weekly gains topping 100 percent, Ripple’s XRP token has gained some attention lately. XRP traded at $0.664 as of press time after having reached $0.92 before its correction when the token decline 30 percent, which coincided with Coinbase’s outage due to technical issues, according to Cointelegraph.
But unlike Bitcoin, XRP’s current price is still very far from its peak of over $3. On the other hand, BTC is already trading about $19,000 and is only 3 percent shy from its December 2017 all-time high.
Stellar (XLM) has also gained the notice of some investors after posting weekly gains of over 90 percent. Currently, the token is trading at $0.18 based on data from Coinmarketcap.com and is already back to its November 2018 price range. However, it still needs to perform better in the coming weeks ahead for it to surpass its all-time high of over $0.60.
Another altcoin that posted massive gains this week is Cardano (ADA). The token soared by 50 percent and is now the eighth-largest cryptocurrency by market capitalization with its valuation of $5.2 billion.
Cardano is currently trading at $0.167 as of press time. However, its current price is still a long way off its all-time high of above $1.
IOTA (MIOTA) posted the fourth-biggest weekly price increase with gains of just below 50 percent. It is currently trading at $0.3777 and is the 26th largest cryptocurrency by market cap with a valuation of over $1 billion. However, it still remains to be seen if it will be able to climb back to its all-time price of around $5.50.
Meanwhile, Dash (DASH) posted the fifth-highest gains after rising almost 40 percent. It is trading at $119.24 but its current price is still less than 10 percent of its previous record of almost $1,500.
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