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Top 3 featured cryptocurrencies: HBAR, Pepe Unchained and XRP
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The bullish rally for most altcoins started very early – many already have returns up to 10 times higher than Bitcoin (BTC). In fact, there was a clear division in the market, with large investors migrating to BTC while retail moved to altcoins.
As a result, many traders began to bet that this rise means that altseason is on the way. But even before this confirmation, several cryptocurrencies had strong gains and stood out in recent days. Two of them are the HBAR and XRP, whose valuations have exceeded 80% in the last seven days.
The third coin on our list is Pepe Unchained, whose presale success gives traders hope for another type of supercycle: “memeseason“. And these are the last days to take advantage of the discount and purchase your tokens before Pepe Unchained arrives on exchanges.
XRP registered a strong increase of 41.7% on Tuesday (3) alone, when it reached US$2.70. Its market value, which exceeded US$ 153.9 billion, remains in third place behind only BTC and Ether (ETH).
XRP
This appreciation increased XRP’s monetary gains to more than 430% in 30 days, with last week saw the currency’s price hit gains of 88%. With a total volume of US$48.16 billion in 24 hours, the data shows that this rise in XRP is not just a localized bubble, but a sustainable movement.
One of the reasons for the rise was the news that the Federal Reserve (Fed), the central bank of the United States, was considering using XRP in the FedNow system. Called “US Pix“, the system enables low-cost and real-time transactions – two things that XRP does very well.
Furthermore, the supposed resignation of US Securities and Exchange Commission Chairman Gary Gensler and the expectation of a more cryptocurrency-friendly administration under Donald Trump have caused XRP to break important price marks.
At the beginning of the year, analysts expected the HBAR, the token that powers the Hedera network, could skyrocket more than 1,000% in 2024. This did not happen, but the token managed to appreciate strongly and go from US$0.06 to the current US$0.28, an increase of almost 500%.
In the last 24 hours the token fell 13% and gave back part of those gains, after reaching a peak of US$0.31. Its market value reached US$10.59 billion, while its total trading volume increased by 182% and reached US$4.67 billion.
The price of HBAR increased after it was selected to channel FedNow, just like Ripple. Additionally, rumors suggest that Hedera will integrate support for Ripple’s RLUSD stablecoin, which has benefited both HBAR and XRP.
Top 3 featured cryptocurrencies: HBAR, Pepe Unchained and XRP
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Top 3 featured cryptocurrencies: HBAR, Pepe Unchained and XRP
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Top 3 featured cryptocurrencies: HBAR, Pepe Unchained and XRP
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Top 3 featured cryptocurrencies: HBAR, Pepe Unchained and XRP
