Bitcoin (BTC) has been enjoying a bullish streak over the last few days, rising well above the $22,000 level yesterday. As usual, the price of Bitcoin today is responsible for the overall trajectory of altcoins. However, some altcoins are outperforming other altcoins while others are rising at a significantly higher rate than Bitcoin.
How Are Altcoins Faring as Bitcoin Gains Momentum?
In the wake of the Bitcoin price surge, the leading altcoins among the top 10 were XRP, ETH, and SOL. Overall, RVN is ahead of every other altcoin, with an 85% surge in just seven days. These altcoins have maintained an uptrend despite occasional price corrections that have been occurring along the line.
XRP Price Analysis
XRP has experienced a 16% increase in the last five days. The seventh largest cryptocurrency per market capitalization reached a $0.3596 high but lost momentum and dropped to the $0.3502 level. At the time of writing, XRP was trading at $0.3557 indicating a 1.20% rise against the USD.
Ethereum ETH Price Analysis
The Ethereum price prediction has been bullish since the beginning of the year. So, the performance of the ETH price over the last few days didn’t come as a surprise. At the time of writing, ETH was trading within the $1,682.43 and $1,758.30 range. The price was $1,716.80, reflecting a 0.52% drop against the USD.
SOL Price Analysis
The SOL price has risen by 10% against the USD over the last 24 hours. The ninth largest cryptocurrency per market capitalization is currently trading at $38.51, indicating a 10.60% rise against the USD. The most common SOL price prediction places the token above the $45 level before the end of the year.
While many of the top altcoins are bullish, the leader of the trend is RVN. Cryptocurrency price analysts state that RVN’s dramatic rise is due to the Ethereum upgrade. It is currently trading at $0.06769, up 23.9% in the last 24 hours.
Leave a Reply