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Ripple ($XRP), Litecoin ($LTC) and Stellar ($XLM) gained bullish momentum over the past 24 hours as the global crypto market cap turned green after last week’s “bloodbath.”
According to data from Santiment, the social volumes of $LTC, $XRP and $XLM have skyrocketed over the past 24 hours. This led to short-term gains for the three cryptocurrencies, leading the top altcoins.
📈 After #crypto market caps dropped sector-wide last week, several #altcoins are scratching their way back, particularly $LTC, $XRP, & $XLM. With market value to realized value metrics continuing to show traders are down big, don't be surprised if the trend continues this week. pic.twitter.com/cX8q9Tcu7B
— Santiment (@santimentfeed) August 21, 2023
Moreover, the brief rally came while the global crypto market capitalization registered a 0.3% gain over the past day. According to CoinMarketCap (CMC), the total market cap rose from $1.05 trillion on Aug. 20 to $1.06 trillion at the time of writing.
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On the other hand, the total crypto trading volume plunged by 7.1% over the past 24 hours, falling from $23.99 billion to $22.25 billion, per CMC data.
$XRP is up by 1.5% over the past day and is trading at $0.526 at the time of writing. The asset is still down by 5% from its local top of $0.553 on Aug. 20 with a $27.8 billion market cap.
$LTC, $XRP and $XLM prices grow as crypto market turns green - 1">
Quite similarly, $XLM also registered a 0.8% rise over the past 24 hours while its price took a U-turn from its one-day high of $0.132 on Aug. 20. The asset is currently trading at $0.125 while its 24-hour trading volume witnessed an 87% incline, sitting at the $189 million mark.
$LTC, $XRP and $XLM prices grow as crypto market turns green - 2">
$LTC, however, has been constantly rising over the past 24 hours. The crypto asset registered a 3.1% hike in the mentioned timeframe and is currently trading at $66.2. Litecoin’s market cap has reached the $4.8 billion mark again, with a $314 million 24-hour trading volume.
