Ripple (XRP) Gains Over 420%, While Hedera (HBAR) Surges over 700%. Altcoins Lead the Gains

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen bull runs and bear markets come and go. However, the current surge in altcoins is something that even the most experienced market observers find hard to ignore.

Cryptocurrency returns are dominating the rankings as altcoins see significant increases across the market. Specifically, Ripple (XRP) and Hedera (HBAR) are spearheading this rise, recording impressive gains of 420% and 710%, respectively, over the last four weeks.

Cryptocurrencies other than Bitcoin are making headlines due to their significant price increases. Standout performers in this period include Ripple (XRP), which saw a jump of more than 90% within the last week, and Hedera (HBAR), which experienced a 166% surge.

“Let’s explore the top performing altcoins currently on the rise, predicted to continue climbing as we approach ‘altcoin season’. This means we might see even greater gains in these digital currencies.

Ripple (XRP) Market Cap Exceeds $150 Billion

In the last month, Ripple’s digital token, XRP, has seen a significant surge and currently ranks as the third most valuable cryptocurrency, boasting a market cap surpassing 150 billion dollars.

Following the announcement of Gary Gensler’s departure, Ripple (XRP) has seen a significant surge in value. Ripple Labs, the company behind it, has been engulfed in a high-profile legal dispute with the securities agency for quite some time now. In 2020, this regulator filed a lawsuit against Ripple, accusing it of violating securities laws. This led several exchanges like Coinbase, Kraken, Bitstamp, and Gemini to remove XRP from their lists. However, Ripple managed to secure some relief in 2023 when a partial victory ended the Securities and Exchange Commission’s (SEC) three-year long pursuit. In a court ruling by Judge Analisa Torres in the Southern District of New York, it was decided that Ripple’s XRP token is not inherently a security. As a result, XRP’s price has risen by more than 29% over the past week, with a positive forecast for the future.

Following positive predictions from Chris Giancarlo, the ex-chair of the CFTC, that the SEC might dismiss their case against Ripple, the value of XRP increased even more. Additionally, the price of XRP climbed higher after WisdomTree submitted an S-1 application for a physically-backed XRP exchange-traded fund (ETF).

Hedera (HBAR) Gains Over 700% in the 30-Day Charts

Hedera, represented by its native cryptocurrency HBAR, stands out as the broadly adopted, eco-friendly, robust public network ideally suited for the decentralized economy. This platform empowers businesses and individuals to construct potent and resilient decentralized applications (dApps). The Hedera network and its features like smart contracts and transactions are fueled by HBAR. This digital currency also plays a crucial role in maintaining the network’s security. Lately, HBAR has gained significant attention, resulting in a staggering 700% increase over the past month. The surge can be attributed to traders recognizing a “golden cross” signal. In the crypto world, a golden cross signifies optimism and forms when a short-term moving average surpasses a long-term moving average.

Cardano (ADA) Gains 18%

After Donald Trump’s election win on November 6, Cardano (ADA) has experienced significant growth. Data from on-chain activity suggests that the number of weekly active addresses on the Cardano network has risen since the market rally following Trump’s victory began. This increase in network usage and large-scale buying activity has created a positive outlook for ADA. Furthermore, the Cardano blockchain developers, known as the Cardano Foundation, have recently unveiled an updated proposal for the Cardano Constitution to enhance its governance structure. The new proposal includes modifications to constitutional workshops, social media discussions, and expert and community feedback sessions. These changes aim to make the Cardano governance framework more accessible and clear to a broader audience, particularly those less technically inclined. There has been increased interest in Cardano (ADA) following announcements by its founder, Charles Hoskinson, about his plans to contribute to US cryptocurrency policy under Donald Trump’s administration.

In just the last seven days, the value of Cardano has surged by more than 36%. Additionally, within the past 24 hours, it’s seen a rise of approximately 17%. At the moment, a single unit of ADA is being traded at $1.28.

Solana-Based Memecoin Husky Inu (HINU) Presale Nears $600K

Given Bitcoin’s current trading at approximately $95,000 and top altcoins hitting record highs, it’s crucial for investors to seek out value-rich alternatives to capitalize on the ongoing bull market. And that’s exactly what Husky Inu represents.

The newest meme coin on the block, Husky Inu (HINU), is based on Solana and has entered the market with the aim to provide value and utility to its holders by utilizing this strong blockchain platform. The goal of the project and its token, HINU, is to stand out in the crowded meme coin market by fostering a vibrant community through unique features and increased incentives. Husky Inu has just launched a presale for HINU tokens, which has sparked quite a bit of interest. Since its launch, the presale has raised over half a million dollars and is quickly approaching its fundraising goal.

The achievements from Husky Inu’s presale are driven by its distinctive features and future aspirations, focusing on developing its Earn App and Decentralized Exchange. The Earn App is designed to reward users with HINU tokens for interacting with projects and accomplishing simple tasks like liking, reposting, or sharing content. Husky Inu’s Decentralized Exchange will promote decentralized trading, thereby enhancing the usefulness and worth of HINU for its owners.

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2024-12-03 16:21