news.bitcoin.com
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.