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- Several coins have distinguished themselves with surging prices in the past 24 hours.
- Crypto tokens surged after a favorable judgment for Ripple in its case against the SEC.
- XRP, XLM, SOL, LDO, and ADA comprise CoinmarketCap’s top five gainers in the past 24 hours.
Several coins have distinguished themselves with surging prices in the past 24 hours. CoinMarketCap, one of the leading cryptocurrency data providers has marked these coins and registered them as the top gainers within the period. We now look closer at these coins that have attracted investors’ interest.
Ripple (XRP)
Ripple’s XRP gained 66.84% in the past 24 hours, according to CoinmarketCap’s data. The crypto token embarked on a significant surge after a federal judge ruled that XRP “is not necessarily a security.” XRP made an impulsive surge of 101.92% on the back of the judgment, moving from $0.46954 to $0.94812 over a short period. The price has retraced, and the digital token traded at $0.78731 at the time of writing. XRP is now the 4th-ranked cryptocurrency on CoinMarketCap, with a market capitalization of $41.47 billion.
Read Also : Ripple (XRP) Price Prediction
Stellar (XLM)
The judgment which favored Ripple came as a win for the entire crypto industry, as several other crypto tokens responded positively. Among them is Stellar’s XLM, which made the second-highest return after XRP. XLM has gained 57.70% in the past 24 hours, according to data from CoinMarketCap. It initially surged by 103.97% immediately after the release of XRP’s judgment. The price of XLM climbed from $0.096109 to $0.196028 before retracing. XLM traded at $0.152343 at the time of writing while ranking in the 20th position on CoinMarketCap. XLM has a market capitalization of $4.13 billion.
Read Also : Stellar (XLM) Price Prediction
Solana (SOL)
SOL’s price gained 32.93% in the past 24 hours thanks to Ripple’s favorable judgment. The price climbed from $21.81 to $26.85 in an initial rally. It further extended to $32.37 before retracing downward. SOL traded at $28.67 at the time of writing. With a market capitalization of $11.56 billion, Solana ranks in the 8th position on CoinMarketCap.
Read Also : Solana (SOL) Price Prediction
Lido DAO (LDO)
LDO gained 27.17% to join the top gainers in the past 24 hours, according to CoinMarketCap. LDO climbed from $1.88 to $2.29 immediately after the judge’s statement on Ripple’s case. It extended its gains to reach a local high of $2.53 before pulling back. LDO sold for $2.41 at the time of writing and ranked in the 30th position on CoinMarketCap, with a market capitalization of $2.12 billion.
Read Also : Lido DAO (LDO) Price Prediction
Cardano (ADA)
Cardano’s ADA joined the top gainers on CoinMarketCap with a 24.92% price change in the past 24 hours. ADA’s initial rally was from $0.288 to $0.366. The price extended further to $0.379 before pulling back to $0.363 at the time of writing. The recent rally puts Cardano in the 7th position on CoinmarketCap’s ranking, with a market capitalization of $12.67 billion.
Read Also : Cardano (ADA) Price Prediction