XRP, the fourth-largest cryptocurrency by market capitalization, is once again changing hands above the key $0.35 level after slumping to $0.30 earlier today.
Benefiting from the broader market revival, the cryptocurrency is finally seeing a sustained relief rally after being hit hard by the SEC’s charges against affiliated company Ripple.
Ethereum is awfully close to a new all-time high
While XRP is still down a whopping 89 percent from its all-time high, its longtime rival, Ethereum, is about to make history.
After finally breaching the $1,300 level, the second-largest cryptocurrency is now just 7.89 percent away from its all-time high of $1,448 that was set on Jan. 13, 2018.
In the meantime, the total value locked in decentralized finance (DeFi) protocols is nearing $24 billion.
Embattled Bitcoin forks finally have their moment
While the gains of the two biggest altcoins are undoubtedly impressive, they can’t hold a candle to the massive moves that have been recorded by Bitcoin Cash and Bitcoin SV over the past 24 hours.
Earlier today, Bitcoin Cash soared to $629.79, its highest level in 27 months.
Craig Wright-backed Bitcoin SV soared to $325, which is just 34.76 percent from its all-time high of $438 that it reached on Jan. 14, 2020.
Another altseason?
The list of other top-performing altcoins includes EOS (24.85 percent), Maker (67.12 percent), and Dash (48.75 percent).
Following the revival of altcoins, Bitcoin’s market share has dropped to 68.4 percent. The top cryptocurrency is trading just below $41,000 at press time.
Denys Serhiichuk
Tomiwabold Olajide
Gamza Khanzadaev
