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  • Friday, January 15, 2021

    These 5 altcoins are beating every major cryptocurrency this week

    Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24.

    In what many are heralding as the beginning of “alt season,” large-cap cryptocurrencies are seeing their biggest gains in three years.

    XRP, XLM lead new “alt season”

    Cointelegraph takes a look at five of the biggest movers, all of which have returned to at least a $1 billion market cap.

    Top altcoins by weekly gains. Source: CoinMarketCap

    XRP

    Ripple’s XRP token is gaining traction on social media after a curious lull, thanks to its weekly gains that have topped 110%.

    At press time, XRP/USD traded at $0.62, having reached $0.92 before a sudden 30% crash, which came in tandem with Coinbase experiencing a major technical outage.

    Nevertheless, the token still remains far from its peak of over $3, or roughly 80% from its all-time high.

    By comparison, Bitcoin is now just 3% from its all-time high in December 2017.

    Stellar Lumen (XLM)

    On the back of XRP’s resurgence, Stellar Lumen (XLM) beat its daily gains to pass $0.18 and deliver over 90% weekly returns.

    A classic move for the sister altcoin, which tends to follow XRP in bull markets, Lumen returned to its position from November 2018. Its all-time highs lie at just above $0.60.

    Cardano’s ADA

    Another major success story this week, Cardano’s ADA topped 50% weekly gains, much of which occurred prior to Wednesday’s altcoin action.

    With a market cap now above $5 billion, Cardano became the eighth-largest cryptocurrency, clipping $0.16.

    Against a backdrop of all-time highs above $1, however, much ground remains for investors to see significant returns from previous years.