XRP, ADA, and Other Older Cryptos Soar as Bitcoin Climbs; Pushes Market Cap Past $3 Trillion

Several older cryptocurrencies, including XRP, Algorand (ALGO), Cardano (ADA), Hedera (HBAR), Litecoin (LTC), and Stellar (XLM), have experienced significant price gains in the past 24 hours. Bitcoin (BTC) also showed strength, breaking above $91,000.

CoinMarketCap data shows the total cryptocurrency market capitalization exceeding $3 trillion. The total trading volume in the past 24 hours fell 12% to $196.28 billion. While Bitcoin attempts to break $100,000, the altcoin sector has exploded, with ADA surging 26.37%.

At the time of writing, ADA is trading at $0.7316 with a massive market capitalization of $25.63 billion and a 176.41% surge in trading volume. In the past week, ADA’s price has increased 69.95% while jumping 108.27% in the past month. Additionally, Cardano is ranked ninth in the market and aims to dethrone XRP.

XRP, on the other hand, has also risen 18.01% in the past 24 hours and trades at $0.9447 with a market cap of $53.76 billion. In the last seven days, the altcoin is up 73.17% while surging 69.76% in the past 30 days. However, the digital asset is up only 45.48% since November 2023.

Performance of Other Altcoins

LTC is trading at $84.26 at the time of writing with a 5.84% increase in the past 24 hours. The market cap of the digital asset stands at $6.34 billion while its volume stands at $1.19 billion. LTC is up 15.67% in the past week and 19.16% in the last 30 days.

Read also: Bitcoin Stalls, Ethereum Lags: Is It Time to Buy Crypto?

Meanwhile, XLM’s price rose to $0.1523 after a 14.77% increase in the past day and its market cap stands at $4.56 billion. In the past week, the altcoin is up 50.83% while surging 58.77% in the past month.

ALGO and HBAR increased by 23.50% and 18.43%, respectively, in the past day. They currently trade at $0.1893 and $0.0773, respectively. ALGO has surged by 45.73% in the past week, while HBAR rose by 51.94%.