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- Recent court ruling in favor of Ripple sparked the altcoin season to go high.
- Alongside XRP, Stellar (XLM) and other top altcoins record high price gains.
Subsequent to Ripple’s legal victory against the SEC, the crypto market is undergoing a transformative period, exhibiting impressive price rallies. Dominant crypto coins, Bitcoin (BTC) and Ethereum (ETH), hit their new one-year highs. The enthusiasm of investors and traders embracing the current bullish wave is evident in the market’s daily trading volume, which has surged by nearly 131%.
Remarkably, altcoins have taken over the top gainers list in the past 24 hours. Alongside XRP, the following altcoins lead the bullish altcoin season with their lucrative 24-hour price gains.
Ripple (XRP)
XRP, the native token of Ripple, has gone to the moon with the news of Ripple’s victory against the SEC. The cryptocurrency has experienced an explosive surge, boosting the confidence of the XRP community. Moreover, XRP overtook Binance Coin (BNB) and USD Coin (USDC) to rank at 4th position. The leading crypto exchanges, including Coinbase, Gemini, and Kraken, are relisting Ripple after the incredible lawsuit victory against the SEC.
At the time of writing, the trading price of Ripple (XRP) is around $0.7886, with an increase of over 67.83% in the last 24 hours. The trading volume of XRP has witnessed an enormous surge of over 1688.78%, according to CoinMarketCap.
Stellar (XLM)
As Ripple’s victory sparked the altcoin season, Stellar (XLM) has become the top beneficiary, that registered a high surge of 54%. XLM spiked to hit its one-year-high of over $0.1977 during the Asian morning hours. At the time of writing, this altcoin traded in the overbought zone.
According to CoinMarketCap, at the time of writing, XLM traded at $0.1493 with an ultimate surge of 3208% in 24-hour trading volume. Stellar’s market capitalization surged to hit the $4 billion mark.
Solana (SOL)
Similar to other altcoins, Solana (SOL) experienced the regulatory hammer of the SEC, receiving the “security” label. Due to which, SOL’s price fell to $15, one of its bearish bottom. However, the lawsuit’s verdict fueled the SOL’s market momentum and prepared it for an uptrend.
At the time of writing, the trading price of the Solana was around $28.43, with a surge of over 30.14% in the last 24 hours. While its daily trading volume experienced an increase of over 338.41% and SOL is currently in the overbought state.
Pepe (PEPE)
The popular frog-themed memecoin Pepe (PEPE) has also emerged as the day’s top gainer in the crypto market. The memecoin has shown a remarkable movement in its trading price in the recent altcoin season. At the time of writing, the trading price of Pepe is around $0.000001746, with a surge of over 18.46% in the last 24 hours. The trading volume of the memecoin has experienced an increase of 244.29%.
Cardano (ADA)
Cardano (ADA) has seldom been on the top gainers list since April. Thursday’s crypto positive event propelled ADA onto the list with a 24-hour price gain of 21% to $0.3673. Investors flocked in and boosted the altcoin’s daily trading volume by 808.47%. As per CoinMarketCap, at the time of writing, the Cardano (ADA) price was at $0.3504.
The significant surges in the crypto market have clearly shown that Ripple’s lawsuit victory has sparked altcoins to take over the top gainers. Moreover, the bullish momentum is expected to continue in the upcoming days and mark a significant milestone in the crypto market.
Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice.