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Cardano, Ripple, and Bonk have dominated cryptocurrency trends with their latest significant actions in the past few sessions. $ADA price climbed to 19-month peaks this week, while $XRP and $BONK remain promising following the recent broad-based rallies.
Cardano’s significant price actions
$ADA was among the top-performing cryptocurrencies this week. Founded by entrepreneur Charles Hoskinson, Cardano printed significant price actions lately, and more upswings seem possible.
It jumped 2% and nearly 60% on the 7-day and 30-day price charts, respectively, even outshining the likes of Bitcoin and Ethereum in that timeframe.
Cardano recorded significant upswings this week after breaking beyond a bullish flag. Further, it remained elevated between October 19 and November 11 before enduring a consolidation. $ADA stayed range-bound until December 2, which led to a bullish pennant pattern on the 24-hour chart.
The crypto relaunched its uptrend after breaking the pennant pattern on December 2. That fueled the rally that triggered this week’s new highs. Furthermore, its total value locked surged to all-time highs, and positions $ADA among the alts to watch going forward.
$50M to $438M: #Cardano 880% TVL Growth pic.twitter.com/rCq1vUPcIW
— Darren ☘🇮🇪 (@CryptoIRELAND1) December 16, 2023
Ripple ($XRP)
$XRP’s performance during the latest market-wide bull run has been somewhat discouraging. The token failed to capitalize on Bitcoin’s uptick to $44K last week. Ripple’s native coin underperformed compared to other tokens despite reclaiming $0.70.
Nonetheless, $XRP remains on our list of altcoins to watch. The altcoin will likely record more upswings in the up-and-coming sessions.
#xrp may be about to give it's holders an early Christmas present 😱#xrp suck up those late shorters shorting at key support. 🙈 pic.twitter.com/Zf376Lb4Gu
— CoinsKid (@Coins_Kid) December 18, 2023
Bonk ($BONK)
Bonk ($BONK) is the first Solana-based dog-themed cryptocurrency. It has gained over 2,500% since its debut. Various factors have fueled the token’s success. Airdropping 50% of the $BONK supply to the SOL community and distributing 50 trillion tokens among individuals contributing to the Solana blockchain helped keep the asset afloat.
The strategic token distribution has led to around $20M in trading volume. The meme asset seems to have what it takes to keep climbing through the ranks as it targets the top spot in the memecoin space.
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