Summary: Everybody following any kind of crypto news probably knows by now that, the cryptocurrency market has reached an all time high of $3.49 trillion with an increase of astonishing 11.5% this week. In this huge surge there are some crypto which led the rally with significant gains and they are Stellar, Dogecoin and Cardano.
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Stellar’s 190% Rally
Stellar hadn’t reached new heights since 40 months, but during this rally Stellar soared 190% making its valuation to $0.4436. This is speculated to have happened because of the Federal Reserve’s mention of its potential use in FedNow Payment system. There are many who still believe the rally hasn’t stopped for XLM and could potentially reach $5. which is a 1030% increase from its current level.
Dogecoin Peaks at $0.48
Dogecoin showed absolute potential as it ran on this crypto surge and gained 239% in just past month and rose to a yearly high of $0.48. Analysts still haven’t stop predicting that DOGE will hit $1.25 causing overbought which might cause a sudden pullback.
Cardano Breaks $1
Like Stellar and Dogecoin, Cardano (ADA) also reclaimed what was once lost and hit $1, it also had significant growth of 43.7% just this week taking it upto $1.08. Analysts show how Whale activity drove and led this rally causing a net inflows to surge to 220%, not only that but trading volume also skyrocketed by 86% reaching to $8.1 billion.
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The strong performance of these altcoins highlights growing investor confidence as the crypto market enters record-breaking territory.