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.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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