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Coins colloquially labeled as “dino coins” have dominated the weekend’s crypto gains, with XRP, XLM, and ADA enjoying substantial upticks over the past 24 hours. Leading this resurgence is XRP, boasting an 8.9% increase against the U.S. dollar as of Saturday.
Old School, Big Gains: ‘Dino Coins’ XRP and XLM Climb to New Heights
The global cryptocurrency market capitalization currently hovers at $3.34 trillion, reflecting a modest 1% climb within the past day. Among the so-called dino coins, XRP has emerged as a luminary, trading at $2.56 per unit—a noticeable leap from its $2.39 price earlier in the day. These “dino coins,” a term that has gained traction this year, refer to veteran cryptocurrencies that were trailblazers in the early blockchain ecosystem.
XRP last achieved its all-time high (ATH) long ago on Jan. 7, 2018, when it peaked at $3.40 per coin. At today’s $2.56, it remains 24.7% shy of that milestone. Over the past year, however, XRP has appreciated 327.2% against the dollar, showcasing its lasting appeal. Stellar (XLM), another leading performer this Saturday, experienced a 7.7% uptick in 24 hours and is now valued at $0.449 per coin.
XLM, also classified as a dino coin, has soared 266.6% over the past 12 months. Yet, like XRP, stellar has not touched an ATH in seven years, its last record of $0.875 occurring on Jan. 3, 2018, four days prior to XRP’s ATH. At its current valuation, XLM is down by over 48% from the all-time peak price.
Cardano (ADA) joins the ranks of top-performing dino coins this weekend too, rising 7.6% against the U.S. dollar. While ADA’s 12-month growth of 75.3% is less impressive compared to XRP and XLM, it still marks a respectable double-digit increase. ADA’s most recent ATH was on Sept. 2, 2021, when it reached $3.09 per coin. At Saturday’s price of $1.01, it remains 67.7% below that peak.
The meme-inspired dino coin dogecoin (DOGE) has also seen gains on Saturday, increasing 4% against the dollar. As of press time, DOGE trades at $0.347, and its 12-month growth of 313% has outpaced XLM’s performance in the same period. However, like ADA, DOGE’s ATH occurred in 2021 when it hit $0.731 per unit on May 8. At its current price, DOGE sits over 52% below that peak.
While CT and the crypto community often jestingly refer to these stalwart digital assets as “dino coins,” their long-time holders appear to be enjoying the last laugh, navigating this weekend’s market with a triumphant stride.