Why did XLM and XRP increase in price today?
Hey, friends, today we are going to talk about why the prices of XLM and XRP, two altcoins, have increased. I heard that there are three more altcoins that are going to reach their historical peaks in the next week!
Now, the global market is about to reopen in 2025, and the altcoin industry has become lively. Ripple Labs' XRP and Cardano's ADA have both taken the lead in increasing. Bitcoin is also strong, rising 2% in 24 hours, and is almost at the door of $95,323. The entire cryptocurrency industry, except Ethereum and Bitcoin, has increased by more than $13 billion in total, and is now worth nearly $985 billion.
From a technical point of view, the altcoin industry ended well at the end of 2024, and is now preparing to make a big move. In addition, Trump was re-elected, and the prospects for the entire cryptocurrency industry are optimistic.
Also, more and more big guys are starting to invest in the web3 field, all wanting to benefit from the bull market.
Let's talk about Cardano and Ripple's XRP. The Cardano network is a top-level first-layer blockchain, with chain upgrades and partners, and it has developed smoothly. Especially the recent Chang hard fork, which has stronger functions and more decentralized governance. The price of ADA has risen rapidly in the past few months, and the momentum is still unabated at the beginning of 2025.
As for XRP, since the US Securities and Exchange Commission nominated Paul Atkins, who supports cryptocurrency, to replace Gary Gensler, the attention has also risen sharply. This large-cap altcoin is now valued at around $236 billion, with a 24-hour trading volume of $10 billion, and the price has risen to $2.35. Some analysts also said that the price of XRP will have to rise by another 50%, and it is possible to reach the historical peak of $3.66.
So, friends, the altcoin market is now very lively and there are many opportunities. We have to keep our eyes open and seize the opportunity, maybe we can make a fortune!
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
