Litecoin And XRP Lead Gains Among Top Cryptos, 5 Other Top Altcoins Outperforming Bitcoin In Past 30 days
Litecoin And XRP Leads The Gains Among Top Cryptos, 5 Other Top Altcoins Outperforming Bitcoin In Past 30 Days
- Litecoin up over 10% while XRP is rising by more than 5%
- Bitcoin touches $8k but altcoins rise harder
The cryptocurrency market has turned green as the leading cryptocurrency crosses $8,000 mark briefly today yet again after dropping below $7,400 on June 4th. At the time of writing, BTC/USD has been trading at $7,925 with 24 hours gains of 1.50 percent.
However, there are many other large cap coins that are outperforming the world’s top cryptocurrency while Bitcoin trades sideways.
Among the top cryptocurrencies, Litecoin is leading with 10.11 gains at $113.98. With Litecoin halving less than 2 months away, the silver to Bitcoin’s gold is enjoying the greens. In the past 6 months, the fifth largest cryptocurrency by market capitalization has gained more than 380 percent from the low of $22.32 while its hash rate increased 150 percent.
“Despite the nearly 4x in price, mining profitability is only up by 125%,” states Binance.
While in the past 30 days, Bitcoin has surged 35.9 percent, Litecoin is up 52.3 percent. Apart from LTC, by registering significant gains like Ethereum with 47.8%, XRP with 40.4%, Bitcoin Cash by 39%, Binance Coin by 52.6%, Bitcoin SV 263% Stellar 38% and IOTA 59% have outperformed the flagship cryptocurrency in these last 30 days price change.
Currently, the third largest cryptocurrency is also up 5.25 percent at $0.42. A number of factors are working in favor of XRP like SCB Thailand to launch XRP system soon, xRapid powered SendFriend to be released later this month, and Ripple to take action on its record XRP sales last quarter.
Experts are also expecting Ethereum to surge even higher which is currently trading at $249. Economist and crypto trader Alex Kruger says, “Matter of time. Once above the year highs likely to outperform for a while.”
As the altcoins registers increase in price, the total market cap climbs to $254 billion, but still down from $274 billion from late May. Meanwhile, BTC dominance is at 55.5 percent, down from last month’s highest level at 60 percent.