Cardano (ADA) And XRP Included In The List Of Coins That Outpaced Bitcoin
Bitcoin enthusiasts have been expecting to see a rally for the king coin, especially following the May halving, but this failed to happen so far.
On the other hand, it has been revealed that Cardano’s impressive 2020 rally has resumed as Ripple’s native coin XRP joins the list of digital assets that are outpacing Bitcoin.
List of coins outpacing Bitcoin
Stellar Lumens (XLM) has gains of more than 42% in the past seven days, says data coming from Coin360.
On the second spot, there is the decentralized oracle network ChainLink (LINK) – the coin was able to surge by over 30% in the same stretch. VeChain (VET) is placed on the third spot soaring 29.26%, as revealed by the Daily Hodl.
Cardano (ADA) is placed on the fourth position with gains of over 28%, followed by Tezos (XTZ) and Bitcoin Satoshi Vision (BSV) with growth of 19.15% and 18.54%.
Speaking of Cardano, Charles Hoskinson is really confident that ADA will be securing its spot as a leading smart contract platform after the crypto surged. Now, ADA is placed on the 7th position on CMC.
Altcoin season could be finally over
A popular crypto strategist CryptoAmsterdam told his Twitter followers that he believes the end of the altcoin season is almost here.
Yes. I do think the Altcoin party will end very soon.
I’m not looking for new trades
– Dominance weekly support
– BTC ranges for 70+ days
– BTC volatility at lows only seen 4 times since 2017.
These lows where followed up by 50-250% BTC moves.
– Q3 has been bearish historically pic.twitter.com/zk1z0AENVZ
— CryptoAmsterdam (@damskotrades) July 10, 2020
Someone commented: “Hmm as long as we stay above 8.9 I remain bullish. Volatility could be to the upside as well and liquidity theory and market structure still have me bullish until MS switches.”
Another follower posted this message: “One of the few big accounts happy to put forward a well-backed bearish case amongst the euphoria. Nice work mate.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.