XRP and Stellar Go Absolutely Bonkers with Triple-Digit Gains

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Tue, 11/24/2020 - 05:59
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Alex Dovbnya
The XRP advance hits euphoria, with Stellar (XLM) following suit
XRP and Stellar Go Absolutely Bonkers with Triple-Digit Gains
Cover image via stock.adobe.com

On Nov. 24, XRP rode the elevator even higher, gaining another 50 percent in a 24-hour period.

The token rallied to $0.75, its highest level since September 2018, with its market cap swelling to $34 billion.  

XRP
Image by tradingview.com

Related Peter Brandt Urges SEC to Declare XRP as a Security
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Peter Brandt Urges SEC to Declare XRP as a Security

The fourth-largest cryptocurrency is now up over 136 percent over the past week, blowing every single major altcoin out of the water.

Yet, XRP is not the biggest story of the day. Stellar (XLM), the rivaling cryptocurrency created by Ripple co-founder, is up almost 74 percent in a single day, currently trading at $0.182 on Bitstamp.  

XRP and XLM are some of the most correlated cryptocurrencies, according to CoinMetris data.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.