Here Are Last Week’s Biggest Gainers in the Cryptocurrency Market
The last week of March could be considered good for the crypto market since many cryptocurrencies experienced significant price surges.
Cardano’s (ADA) price surged 7.2% on the daily chart yesterday, surpassing the $0.40 barrier. This boost in price caused Cardano’s market capitalization to reach almost $14.1 billion, which is equivalent to 1.19% of the total cryptocurrency market cap.
It’s important to note that Cardano’s market cap had previously reached a high of $94.8 billion during the last bull market.
In the past week, ADA’s price increased from a low of $0.3478 to a high of $0.4079, gaining more than 17%.
As of writing time, the 24-hour trading volume for ADA rose to $637 million. Despite the positive movement, Cardano’s current price remains almost 87% lower than its all-time high of $3.10 on September 2, 2021.
In a five-day period, XRP‘s price rose more than 23% to $0.5465.
On March 29, XRP Reached a 5-month high of $0.58. The altcoin’s gains since mid-March are around 50%, and the reason for that is most likely the ongoing battle between Ripple and the US Securities and Exchange Commission (SEC). Many people from the industry believe that Ripple will most likely emerge as the winner of the lawsuit, which could spark a serious upsurge.
Currently, XRP is trading at $0.5107 after a 4% decrease in the past 24 hours and has a trading volume of almost $2 billion.
Ranked #6 by market cap, XRP is still around 87% down from its ATH of $3.84
HBAR, which currently takes the #30 spot by market cap with around $2.1 billion, showed a significant price surge of around 30% from last week’s low of $0.05745 to $0.07458.
Hedera recently announced that in just 17 days, it managed to facilitate a billion transactions on the mainnet.
At the time of writing, HBAR is trading at $0.070 after a 1% drop in the past 24 hours. The cryptocurrency is still 87% down from its ATH of $0.569.
Solar is a decentralized payment network that operates on SXP coins, enabling peer-to-peer transactions, which also acts as an open-source blockchain on L1, powered by PoS consensus and governed by a DAO system.
SXP is the biggest gainer from last week, surging around 165% from $0.254 to $0.6723.
The altcoin is on its way to the top 100 cryptocurrencies by market cap and is currently ranked #112.
Within the past 24 hours, SXP’s price declined by 5% and is currently priced at $0.6037 with a trading volume of over $775 million.
SXP is still down 90% from its ATH of $5.8562.