HBAR and LINK Lead Altcoins Charge as BTC Slips Below $96k

TL;DR

• HBAR and LINK are the best performers amongst the top 20 cryptocurrencies by market cap.

• Bitcoin is down 1% in the last 24 hours and now trades below $96.

HBAR Rallies by 38% to Outperform Other Major Coins

HBAR, Hedera’s native coin, is the best performer amongst the top 20 cryptocurrencies by market cap. The coin added 38% to its value in the last 24 hours and now trades at $0.3491 per coin. 

Chainlink’s LINK also performed excellently over the last 24 hours, adding 27% to its value during that period. Thanks to this rally, LINK is now trading above $25 for the first time since January 2022.

XRP is another major altcoin that has rallied over the last few days. Ripple’s native coin jumped to the $2.8 mark on Monday after adding roughly 90% to its value. This allowed it to surpass USDT’s market cap and become the third-largest cryptocurrency by market cap. XRP has now retraced and is currently trading at $2.56 per coin.

Cardano’s ADA has also flipped USDC to become the 8th-largest cryptocurrency by market cap. ADA is trading at $1.28 after surging by 12% on Monday. While other major altcoins are rallying, BTC and ETH are underperforming.

Ether and Bitcoin are down 1% in the last 24 hours, trading at $3,623 and $95,627 respectively. With altcoins rallying, the total cryptocurrency market cap now stands at $3.46 trillion.