These altcoinshave performed particularly well
Bitcoin has once again reached the important psychological barrier of 100,000 US dollars, and the altcoins are following suit.
Bitcoin has once again reached the important psychological barrier of 100,000 US dollars, and the altcoins are following suit. This week, within the top 100, Fartcoin, XDC and XRP in particular benefited from market developments. Here's a look at their recent success.
XDC Network (XDC) saw a 44.4 percent increase this week.
After holding strong against the general downward trend last week, the currency is reacting even more strongly to the current positive market atmosphere this week with a price increase of 44.4 percent compared to last week. Now the coin is just 26.4 percent away from its all-time high of US$0.19 during the 2021 bull run.
The bulls surpassed their relevant price target of US$0.147 this week, serving as an important graphical milestone in the medium term. This appears to be paving the way for new record highs as long as the overall market atmosphere remains positive. At the time of writing, the share price is US$0.14, with a market capitalization of US$2.1 billion and a significant trading volume of US$154 million.
The XDC Network connects companies around the world, promotes the tokenization of real assets and has some major players, such as Deutsche Telekom, among its participants.
XRP has reached a new all-time high after seven years.
Ripple suffered from setbacks for a long time, but now there seems to be nothing standing in the way of XRP. The favorite among financial institutions took big steps north this week, breaking its all-time high of seven years ago for the first time, at least on exchanges like Binance or Kraken. According to Coingecko, the price still needs to rise 3.5 percent to reach the top of 3.40 US dollars. The current rate is 3.27 US dollars.
The price increase is linked, among other things, to positive developments in the lawsuit between Ripple and the SEC, as well as political support from Donald Trump. There are whispers that XRP could potentially be introduced as a crypto reserve, alongside Solana and USDC. For more background information and a full market overview, it is worth checking out our market update.Whether the price will reach further new record highs remains to be seen. But the euphoria among Ripple owners is clearly palpable. Those who want to know more about which graphical milestones are now crucial and what could happen next for XRP can find all the details in our recent technical analysis.
