Cardano

Bitcoin

Gains

<p>Bitcoin is on the brink of reaching six figures for the first time, continuing its record-breaking rally. While this milestone marks a historic moment for the world’s largest cryptocurrency, altcoins are also basking in the spotlight with remarkable gains of their own.</p>
<p>XRP and ADA are two top altcoins that have emerged as this extended rally’s biggest gainers.</p>
<h2 id="xrp-and-ada-s-explosive-growth">XRP and ADA’s Explosive Growth</h2>
<p>According to the latest <a href="https://x.com/santimentfeed/status/1859712555100643377" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">analysis</a> by popular crypto analytic platform Santiment, there has been a significant shift in market dynamics as altcoins capture growing attention while Bitcoin calms after its historic rally to $98,362. Altcoins such as Ripple, Cardano, Stellar, Hedera, Mantra, and Algorand have demonstrated remarkable weekly gains, with increases of 52%, 41%, 83%, 87%, 110%, and 44%, respectively.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">While eyes have been on Bitcoin making history, altcoins like XRP, Cardano, Stellar, Hedera, Mantra, and Algorand are growing their respective market caps rapidly. As long as BTC maintains a ~$95K+ support , expect November profits to continue redistributing to altcoins. <a href="https://t.co/AXNyVd46Ro" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AXNyVd46Ro</a></p>
 <p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1859712555100643377?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">November 21, 2024</a></p>
</blockquote>
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<p>These trends highlight the redistribution of profits from Bitcoin to altcoins, driven by heightened social volume and renewed investor interest. Bitcoin’s ability to maintain its critical support at $95,000 will be key in determining whether this altcoin momentum persists throughout November.</p>
<p>In addition to the redistribution of profits from Bitcoin, it is also important to note that altcoins flagged by the SEC rallied after Chair Gary Gensler <a href="https://cryptopotato.com/sec-chairman-gary-gensler-confirms-he-will-step-down-in-january/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">revealed</a> he would step down in January. A vocal critic of the crypto industry’s practices, Gensler’s departure follows President-elect Donald Trump’s pledge to remove him if reelected.</p>
<p>For instance, XRP’s latest <a href="https://cryptopotato.com/xrp-army-rejoice-ripples-26-daily-price-surge-with-predictions-of-up-to-30-per-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">surge</a> helped it reclaim $1.4 – a level not seen since May 2021, fueled by hopes for resolution in Ripple’s ongoing legal battle with the SEC.</p>
<p>Meanwhile, Cardano’s ADA reached a high of $0.86, marking its highest level since April 2022.</p>
<h2 id="ethereum-s-price-rebounds">Ethereum’s Price Rebounds</h2>
<p>Amid this broader altcoin rally, Ethereum has <a href="https://x.com/santimentfeed/status/1859664423402733725" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">rebounded</a> to $3,360, with on-chain data suggesting increased trading activity. Santiment’s dashboard reveals significant Ethereum deposits into centralized exchanges like Binance and Deribit. Such a trend typically indicates potential sell-offs or strategic reallocations by high-net-worth traders.</p>
<p>Notable inflows from top wallets further highlight Ethereum’s role in the ongoing market recalibration. While Bitcoin continues to flirt with breaking its all-time high, Ethereum and other altcoins are benefiting from profit rotation and renewed speculative interest. There is a market-wide shift as traders diversify portfolios and explore opportunities beyond Bitcoin’s dominance, signaling a potentially prolonged altcoin season.</p>
<p>The post <a href="https://cryptopotato.com/cardano-ada-and-ripple-xrp-lead-altcoin-gains-as-bitcoin-flirts-with-100k/" rel="noopener noreferrer nofollow">Cardano (ADA) and Ripple (XRP) Lead Altcoin Gains as Bitcoin Flirts with $100K</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Cardano (ADA) and Ripple (XRP) Lead Altcoin Gains as Bitcoin Flirts with $100K

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