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XRP, Ethereum, and Bitcoin Forks Lead Latest Altcoin Rally

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Mon, 07/06/2020 - 14:18
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Alex Dovbnya
All the top altcoins are outstripping Bitcoin, with Bitcoin SV (BSV) leading the pack
XRP, Ethereum, and Bitcoin Forks Lead Latest Altcoin Rally
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June 6 started with a bang for most altcoins, which are currently enjoying a very green day, according to CoinStats data.

Bitcoin SV (BSV) is leading the pack with more than a 12 percent price spike (the fifth best-performing coin in the top 100).  

It is followed by XRP (6.27 percent) and Bitcoin Cash (6.07 percent) when it comes to the biggest gainers in the top 10.

Ethereum, the largest altcoin with a market cap of $25.6 bln, is also on a roll after its price surged more than five percent to $236.

XRP
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Bitcoin dominance slides

While Bitcoin is also up more than two percent, the crypto king is currently lagging behind every major altcoin.

It remains closely correlated to U.S. stocks, which are having another splendid day. The Dow has just opened more than 300 points higher.

Due to the ongoing rally, Bitcoin’s dominance slipped below 65 percent, its closest level since Apr. 29.

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Trading Legend Peter Brandt Prefers Bitcoin Over Altcoins Calling Them Pretenders

Mid and small-cap gems

Aave LEND (ALEND), the token behind the eponymous Ethereum-based lending protocol, is the top gainer in the top 100 after a 26 percent uptick.

AVA, the native token of Travala.com is also up 23 percent on the recent partnership with booking behemoth Expedia.

ALEND
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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.