XRP and ADA rose as Bitcoin eyes above $90k.
XRP and Cardano tokens are the top gainers in the last 24-hours with market capitalization of 10 cents. As investors grow to $100,000 or more, Bitcoin moves above $90,000.
XRP (XRP) and Cardano (ADA) tokens lead the top 10 coins by market value in 24-hour gains.
At the time of writing, Ripple's XRP has risen more than 12% since its price was near $0.90 in the last 24 hours. Cardano traded near $0.68, up 22 percent.
Interestingly, even though the Satoshi-era Wallet sent 2,000 BTC to the currency, the BTC price remains close to $90k.
A miner with 2,000$BTC($180M) has spent all 2,000$BTC today after waking up after more than 14 years of hibernation.
In the year In 2010, this mine earned $2,000 BTC in mining and has been there ever since! pic.twitter.com/Kddhh3YvMY
— Lookonchain (@lookonchain) November 15, 2024
XRP and Cardano congestion
The price of XRP has increased by over 64% in the past week. Meanwhile, ADA was trading near $0.68 in the US trading session on Friday afternoon, making it the biggest gainer among the 10 Cardano tokens, up more than 22% on the day. The price of ADA rose 53% last week.
Bitcoin (BTC) has increased 1.4% in the last 24 hours and 18% this past week, the upward trend will continue since November 5, when the United States elected Donald Trump as the next president. Cardano and Ripple tokens have reflected this bullish trend, with altcoins generally benefiting from the overall bullish sentiment.
As stablecoins like USDT grow and enter exchanges, market liquidity improves. After the US presidential election, $3.2B flowed into USDT exchanges – the highest net inflow since November 2021. This increase in liquidity could mean higher crypto prices in the future, according to on-chain data and analytics provider CryptoQuant.
Meanwhile, Bitcoin stocks on crypto exchanges have declined in recent weeks. Currently, that's near the lows last seen in November 2018 and suggests hodling as the market gets too greedy.
According to market analysts, this sharp decline in currency supply could lead to further buying pressure. Expect Bitcoin to Explode Over $100K. Matthew Siegel, head of research at VanEck, says BTC is at the beginning of a bull market.
BTC recently rose above $93k.
