About 24 hours ago, the cryptocurrency market was greatly favouring virtually all Altcoins, while Bitcoin (BTC), the largest cryptocurrency by market capitalisation, remained at the losing side due to its reluctant growth. However, the situation turned retrogressive for Altcoins, but only Stellar Lumen (XLM) maintains its high performance so far in the market.
The market was greatly in good shape for Altcoins some hours ago. This significant price growth aided digital currencies such as XRP, Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and others to increase by at least 9% on 24 hours basis.
Stellar Lumen (XLM) and Ripple’s topped the Performance Chart
Ripple’s XRP, the third largest cryptocurrency, which was initially trading around $0.25 experienced about 20% price upsurge. Actually, the parabolic movement of the digital currency was quite unexpected among XRP community members and crypto space at large.
The significant growth of XRP aided it attain relatively $13 billion market cap, coupled with surprising increase in daily transaction volume.
Ethereum (ETH), Litecoin (LTC), EOS, Bitcoin Cash (BCH) and other coins also performed greatly well, but not as much as Ripple’ XRP and Stellar Lumen (XLM).
Stellar Lumen (XLM) presently occupies the 10th position ahead of Cardano (ADA) on the market market table. Its magnificent performance has been incomparable so far.
Few hours ago, XLM experienced 24 hours price increase of about 40%. This significant growth pushed the digital currency beyond the reach of its competitors such as Cardano (ADA), Monero (XMR) that presently occupies 11th and 12th position at present respectively.
The king of coins, Bitcoin has failed to replicate the significant price upsurge it embarked upon on 1st April 2019, which initiated BTC to record its 2019 price high. The price parabolic movement of then was envisaged among crypto pundits as a means for Bitcoin to record new all-time highs.
However, BTC has so far failed in this regard. 24 hours ago, when Altcoins were seeing price uptrend, Bitcoin was revolving a bit above $10,000 support level, with no notable growth.
Stellar Lumen (XLM) Stands Tall as Other Cryptocurrencies Dwindle in Price
The distinct growth of Altcoins about 24 hours ago was actually short-lived. Cryptocurrencies like Ripple’s XRP that were previously gaining have unsurprisingly started recording losses. XRP, which traded previously above $0.31, is now trading at relatively $0.29, with about 4% price downtrend in the last 24 hours at the time of writing.
EOS, Binance Coin (BNB), Bitcoin SV (BSV) have so far recorded about 6% price plummet on 24 hours basis. Other top coins have also had their respective price losses.
Bitcoin continues its huge losses as seemingly expected due to its price trend lately. At press time, BTC is trading at $9,902.12, with 3.19% price downtrend in the last 24 hours.
Stellar Lumen (XLM) is the only top coin that has maintained the price increase which was embarked upon by the majority of Altcoins a couple of hours ago.
Image Credit: CoinMarketCap
At the time of filing this report, Stellar Lumen (XLM) is still up above 20% in terms of 24 hours price increase. If XLM could maintain this trend much longer, there is tendency of closing gap with Bitcoin SV (BSV) that presently fills 9th position in the market, according to CoinMarketCap.