Bitcoin (BTC) topped $ 19,000 in another uptrend, but traders are focusing on altcoins on November 24th.
In what many announce as the beginning of the “high season”, Large capitalization cryptocurrencies are seeing their biggest gains in three years.
XRP and XLM lead a new “old season”
Cointelegraph takes a look at the top five altcoinsall of which have returned to a market cap of at least $ 1 billion.
Ripple’s XRP token is gaining traction on social media after a strange pause. thanks to his weekly earnings that exceeded 110%.
At press time, the XRP / USD pair was trading at $ 0.62. hit $ 0.92 after a sudden 30% dropwhich occurred in conjunction with Coinbase and experienced a major technical failure.
But still, The token is still far from its high of more than $ 3, or around 80% of its all-time high.
For comparison: Bitcoin (BTC) is only 3% below its all-time high in December 2017.
On the back of the XRP resurgence, Stellar (XLM) surpassed its daily profit to over $ 0.18 and offer more than 90% weekly return.
A classic clockwork for the coin, which tends to follow XRP in bull marketsStellar has returned to his position since November 2018. Its all-time highs are just above $ 0.60.
Another great success story this week, Cardano (ADA) exceeded 50% of weekly earnings, much of which took place before the altcoin promotion on Wednesday.
With a market cap now exceeding $ 5 billion Cardano became the eighth largest cryptocurrency.
However, with record highs above $ 1, there are plenty of reasons for investors to see significant returns from previous years.
The fourth largest weekly surge went to IOTA (MIOTA) and on Wednesday The weekly income was just under 50%.
Currently ranked 26th on CoinMarketCap’s cryptocurrency table. IOTA hit $ 0.36 this week, but the path to new all-time highs remains decidedly uncertain: They are near $ 5.50.
A familiar face among altcoin traders, Dash (DASH), last place on the week’s gainsThe DASH / USD pair is up nearly 40% in the past 7 days.
At the time of publication The pair was trading at $ 115, still far from its record of nearly $ 1,500.
“Bitcoin dominance. In case you were wondering, this is what the off-season looks like,” said the popular trader. Scott Melker. “It’s pretty reminiscent of 2017. The Alts have a short window for the party, then you go back to Bitcoin, it’s raging. Rinse, repeat, ” he added.
“Our week of euphoria about altcoins was incredible. Now we wait. “