XRP, Cardano (ADA) and Stellar (XLM) are shaking up the crypto markets and leading a sudden altcoin rally.
In the last 24 hours, XRP has surged 30%. At time of writing, the digital asset is worth $0.39, according to CoinMarketCap.
The price of Cardano is up 14% at $0.12. Stellar is also up 14% and is currently valued at $0.09.
Analyst Scott Melker believes Cardano has more room to run and appears to be en route to $0.15.
“10x leverage long (from newsletter today) presently up 74%. Just truly breaking out, looking for a retest of the ascending triangle to add more to the position. What a day.”
The pseudonymous analyst Credible Crypto says XRP also has more room to the upside, but cautions this could change if Bitcoin (BTC) reverses course.
Yup ?? Just warming up.
— Credible Crypto (@CredibleCrypto) November 21, 2020
Bitcoin remains in the midst of a historic bull run and is up 2.68% in the last 24 hours at $18,669.
