After a week in which Bitcoin approached $100,000, which altcoins started the weekend on an upward trend?
The leader of cryptocurrencies, BTC, broke a new record by rising to $99,588 on November 22. BTC's upward trend has cyclically provided money inflow to altcoins. While last week's trend was memecoins, this week's eyes turned to major altcoins.
It was announced that SEC Chairman Gary Gensler will leave office on January 20. The development in question paved the way for major altcoins, especially XRP.
The recent trend is in major altcoins, which altcoins have had a bull run?
Here are the top 100 (top 100 by market value) altcoins that rose the most today…
Stellar (XLM), a decentralized and peer-to-peer blockchain protocol seen as a rival to XRP, was the major altcoin that rose the most today. XLM, a payment and store of value tool, did not lag behind XRP’s rally. The popular altcoin has increased by nearly 55 percent in the last 24 hours.
According to CoinGecko data, XLM recorded a trading volume of $7.17 billion in the last 24 hours. XLM's market value exceeded $13.095 billion.
VeChain (VET), a project to provide data flow and improve business processes via blockchain, was one of the prominent altcoins of the day. The star of the 2021 bull managed to accompany the rally in major altcoins. The popular blockchain project increased by 30 percent in the last 24 hours.
VET recorded a trading volume of $426 million in the last 24 hours, reaching a market value of $3.452 billion.
Algorand (ALGO), a blockchain used to develop decentralized applications and decentralized finance applications, has been one of the stars of the major altcoin rally. ALGO has gained 29.7% in the last 24 hours.
ALGO, with a market value of $2.577 billion, recorded a trading volume of $911 million in the last 24 hours.
Cardano (ADA), a major blockchain like Bitcoin, XRP, Ethereum, and Polkadot, is on a sensational bull run. The smart contracts and public blockchain project ADA has gained 24.4 percent in the last 24 hours.
ADA, which recorded a trading volume of $8.568 billion in the last 24 hours, has a market value of $39.175 billion.
Polkadot (DOT), which was once seen as a rival to Ethereum and was quickly adopted, has become one of the prominent names of the past week. Smart contracts and layer-1 project DOT has increased by 23.7 percent in the last 24 hours.
DOT recorded a trading volume of $1.8 million in the last 24 hours, reaching a market value of $11.017 billion.
Stay tuned.