4 min readThe altcoin market is experiencing a phenomenal surge, with some coins and tokens posting gains of over 400% in the past month. Traders are capitalising on massive momentum across assets like Ripple (XRP), Stellar (XLM), and Cardano (ADA).
This poses a significant question for the crypto investors and traders alike, are we going to see further growth or will we see a correction in the coming days as some of the investors start taking their profits?
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RIPPLE (XRP/USD):
Ripple’s (XRP) price has surged dramatically in recent weeks, climbing over 470% since November. This marks its second-best performance since 2017, with the token now trading above $2.60.
CARDANO (ADA/USD):
As the altcoin market gains momentum, “legacy” assets like Cardano are breaking into new highs. Since November, its price has surged nearly 300%, currently trading above $1.20, reflecting renewed investor interest in established cryptocurrencies.
STELLAR (XLM/USD):
Stellar (XLM) has been vying for the position of top gainer, closely competing with Ripple (XRP). Since November, it has demonstrated impressive growth, currently trading above $0.54. This remarkable price volatility has resulted in gains exceeding 600%, reflecting the continued surge in the altcoin market.
DOGECOIN (DOGE/USD):
Dogecoin (DOGE), another standout performer in the market, is currently trading above $0.40. The price has continued to soar, reaching new interim highs as it approaches previous all-time highs. Month-over-month growth in its price action has surged by over 230%.
CHAINLINK (LINK/USD):
Chainlink (LINK), a previously top-performing “legacy” altcoin, has made an impressive upward move, now trading above $25.00, marking the first time the coin has reached these levels since late 2021.
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