The last few weeks were nothing less than a roller coaster ride for investors. The market showed a major price dip and reached a new low due to the tariff war between the US and its trade partners. However, the downtrend seems to be at a halt, as the market is slowly showing signs of recovery.
Rising Altcoins
Some of the leading altcoins that have shown good traction in the last few days include XRP, SOL, and Cardano. The upward movement suggests positive movement and bullish uptrends. However, one interesting thing is that BTC is showing a slower run than other altcoins.
Out of all the tokens, XRP is targeted to show the highest returns. As a result, seasoned investors suggest that the token might experience a breakout soon. The token has already shown a whopping 11% rise in its prices, and it is set to break the $2.10 mark.
At press time, XRP had a $3.37 billion trading volume, which suggests its popularity in the investor circle. Decreased volatility, along with stabilized lows, indicates the prices are currently in an accumulation period. Moreover, the SEC’s dismissal of the XRP case has favored the token.
Solana is also showing good movement in the altcoin sector. SOL has managed to climb by 15% in the last week. The price of the token rose to $133 from $116. In the last 24 hours, the token has shown a 6.2% gain.
Finally, CAD has grown by 12% in the last week’s bullish run. Therefore, the altcoin sector is showing more activity than BTC. As a result, there is a latent speculation that the altcoin market might soon surpass BTC in growth rates.
