These 5 altcoins are beating every major cryptocurrency this week
Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24.
In what many are heralding as the beginning of “alt season,” large-cap cryptocurrencies are seeing their biggest gains in three years.
XRP, XLM lead new “alt season”
Cointelegraph takes a look at five of the biggest movers, all of which have returned to at least a $1 billion market cap.
XRP
Ripple’s XRP token is gaining traction on social media after a curious lull, thanks to its weekly gains that have topped 110%.
At press time, XRP/USD traded at $0.62, having reached $0.92 before a sudden 30% crash, which came in tandem with Coinbase experiencing a major technical outage.
Nevertheless, the token still remains far from its peak of over $3, or roughly 80% from its all-time high.
By comparison, Bitcoin is now just 3% from its all-time high in December 2017.
Stellar Lumen (XLM)
On the back of XRP’s resurgence, Stellar Lumen (XLM) beat its daily gains to pass $0.18 and deliver over 90% weekly returns.
A classic move for the sister altcoin, which tends to follow XRP in bull markets, Lumen returned to its position from November 2018. Its all-time highs lie at just above $0.60.
Cardano’s ADA
Another major success story this week, Cardano’s ADA topped 50% weekly gains, much of which occurred prior to Wednesday’s altcoin action.
With a market cap now above $5 billion, Cardano became the eighth-largest cryptocurrency, clipping $0.16.
Against a backdrop of all-time highs above $1, however, much ground remains for investors to see significant returns from previous years.
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