As the majority of the crypto market goes green, Bitcoin Cash (BCH) rises by about 26 percent. Additionally, among the top altcoins, XRP, Cardano (ADA), Zcash (ZEC), and Tezos (XTZ) are making highest gains.
Top Altcoins Ruling the Market right now
After yesterday’s severe fall, today the crypto market is in the green. Though the market cap is low at $130 billion, a majority of the prices are seeing a spike in prices except for Dai, Paxos Standard (PAX), and TrueUSD (TUSD) that are in red by less than 1 percent.
When it comes to biggest gainers of the market, with 40 percent gains, Sirin Labs Token (SRL) is at the top. While Factom, MetaverseETP, Ravencoin, and MonaCoin are all up by more than 30 percent.
Among the top altcoins, most of these digital assets are rising by more than 4 percent.
Top cryptos price chart, Source: Coinmarketcap
Bitcoin Cash (BCH) is making the greens the most by about 26 percent in the past 24 hours. At the time of writing it has been trading at $208. The surge in BCH price can be attributed to the fact that this 4th largest cryptocurrency is slowly getting out of the chaos that started with its hard fork on November 15 resulting in a war between Bitcoin ABC and Bitcoin SV.
BCH 1-day price chart, Source: Coinmarketcap
XRP is surging by 11.45 percent at 0.379. At 2nd position, XRP is managing the daily trading volume of more than $1 billion. Recently, Cory Johnson, chief market strategist at Ripple stated that Bitcoin has some real technological limitations. Also, that XRP is being used more than Bitcoin being used as of today and the digital asset that shows fundamental use cases will develop a fundamental value.
XRP 1-day price chart, Source: Coinmarketcap
At about $72, ZEC is registering the 24-hours gains of 12.90 percent. Just recently, Barry Silbert of Digital Currency Group shared on Twitter, “Picked up some $ETC, $ZEC, $MANA, and $ZEN today.”
Zcash 1-day price chart, Source: Coinmarketcap
With over 11 percent gains, Cardano is at $0.0383 at 9th position with a market cap of $994 billion. Recently, CEO Charles Hoskinson shared that “The update 1.4 for Cardano is coming along well and we’re in regression testing right now.” Meanwhile, Tezos (XTZ) is surging by more than 17 percent while sitting at $0.5943.
Ashutosh Singh from Computer science background is a full-time content writer at Coingape. His passion lies in writing and delivering apt information to users. Currently, he does not hold any form of cryptocurrencies. Reach out to him at [email protected]