Well-known altcoins that participated in the growth in 2021, including Cardano (ADA), Stellar ($XLM ), $XRP and Polkadot ($DOT ), have seen significant increases during the current market cycle, reclaiming their places in the top-15. Bitcoin (BTC) and Ethereum (ETH) have also recorded significant growth, forming clear upward trends.
BTC has risen by 8.06% over the past week, by 46.36% over the past 30 days, and by 158.53% since November 2023. Ethereum, whose price has risen by 36.96% over the past month, now has a market capitalization of $404 billion, according to CoinMarketCap. The altcoin sector has also grown, reflecting the influence of Bitcoin and Ethereum.
XRP, the sixth largest cryptocurrency, has reached a market capitalization of $79.84 billion and has increased by 174.70% over the past 30 days. The cryptocurrency reached a 3-year high of $1.62 but is currently trading at $1.40, reflecting a 5% daily decline. XRP remains 63.76% below its all-time high of $3.84, recorded in 2018.
Similarly, ADA has risen to the ninth position in the market, increasing by 205.56% over the past 30 days and reaching a market capitalization of $35.47 billion. At the time of publication, the digital asset was trading at $1.01, which is 67.61% below its all-time high of $3.10 reached in 2021.
ADA and XRP have both risen simultaneously over the past few weeks, and both have announced a partnership aimed at the future stablecoin of the American fintech firm Ripple RLUSD. They also plan to integrate DeFi components into the XRP Ledger (XRPL).
