- Bitcoin’s 30-day dominance fell as XRP and XLM prices went over the roof.
- XRP could hit $0.90 as demand continues to increase and bullish momentum isn’t ceasing.
- XLM was overbought but the CMF showed that a pullback to $0.151 may not last.
Altcoins like Ripple (XRP) and Stellar (XLM) have witnessed significant gains as Bitcoin’s (BTC) bullish momentum took a momentary pause. According to CoinMarketCap, XRP has gained 69.74% in the last 24 hours.
XRP and XLM 30-Day Price (Source: CoinMarketCap)
Developments Leave BTC Behind
This price increase came off the back of a partial win in Ripple’s long-standing case with the SEC. XLM has been doing spectacularly well. Based on data from the price tracking platform, XLM’s 30-day performance has ended in a 109.57% hike.
One major reason the altcoin has surged is the rising adoption of its Anchor Network. For context, Stellar Lumens’ Anchor Network is the on-and-off ramp connecting the Stellar network to traditional finance institutions.
Bitcoin, which has had an impressive Year-To-Date (YTD) performance, has cooled down its increase. At the time of writing, BTC traded at $30.120. Additionally, Trading…
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The post XRP, XLM, Gain as Bitcoin Bulls Take a Break: Is Altcoin Season Here? appeared first on Coin Edition.