Cryptocurrency prices are experiencing a significant shift, with some altcoins gaining substantial ground despite the market’s overall volatility. Ripple’s XRP is currently up by 11%, but it trails behind Stellar (XLM), which has skyrocketed by over 100%. This remarkable gain is attributed to investors’ increasing interest in XLM, driven by its correlation with XRP.
Created by Ripple co-founder Jed McCaleb, Stellar is often seen as the “twin” of XRP due to their similarities. However, experts emphasize that the tokens differ in features and consensus mechanisms. As a result, Stellar’s surge has shed light on the unique aspects of the token.
Other altcoins, such as Algorand (ALGO), Hedera (HBAR), and Cardano (ADA), have also secured substantial gains over the past 24 hours. These price movements reflect investors’ growing interest in these cryptocurrencies, which could be a sign of broader market trends.
It is essential to note that cryptocurrency markets are inherently volatile, and prices can change rapidly. Investors should exercise caution and conduct their own research before making any investment decisions.
Source: https://u.today/xrp-is-up-11-but-its-rival-is-dwarfing-its-gains