Hassan Maishera
TL;DR
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Altcoins performed well over the weekend, with XRP outperforming the other major altcoins.
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Bitcoin continues to trade around the $35k region as traders remain bullish.
XRP Outperforms The Market After 9% Rally
The cryptocurrency market performed well over the weekend, with a majority of the altcoins currently in the green zone. XRP, the native coin of the Ripple ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap, adding more than 10% to its value over the last 24 hours.
At press time, the price of XRP stands at $0.6823, up by more than 20% in the last seven days. Thanks to its recent rally, XRP has maintained its position as the fifth-largest cryptocurrency by market cap, slightly below BNB, with a market cap of $36 billion.
Cardano’s ADA is another leading altcoin that performed well over the weekend. It is up by more than 5% in the last 24 hours and currently stands at $0.3463.
Bitcoin, the world’s leading cryptocurrency by market cap, continues to maintain its value around the $35k region. It has lost less than 1% of its value over the past few hours and is now trading at $34,903 per coin.
Meanwhile, Ether is up by more than 1% so far today and continues to trade above the $1,800 mark following its poor performance last month.
With altcoins rallying, the total cryptocurrency market cap has increased to $1.32 trillion, the highest the market has seen in more than 15 months.
