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XRP, Cardano (ADA), and Stellar (XLM) are shaking up the cryptocurrency markets and driving a sudden altcoin rally.
In the past 24 hours, XRP has increased by 30%. At the time of writing, the digital asset is worth $ 0.39, according to CoinMarketCap.
Cardano’s price increased 14% to $ 0.12. Stellar was also up 14% and is currently valued at $ 0.09.
Analyst Scott Melker you think Cardano has more room to run and appears to be heading towards $ 0.15.
“10x Long Leverage (from today’s newsletter) is currently up 74%. I’m just breaking out, looking for a new ascending triangle test to add more to the position. What a day.”
Pseudonymous analyst Credible Crypto claims that XRP also has more room for the upside, but Warnings this could change if Bitcoin (BTC) reverses course.
Yes 🙂 I’m just warming up.
– Credible Crypto (@CredibleCrypto) November 21, 2020
Bitcoin remains in the midst of a historic bull run and has risen 2.68% in the past 24 hours to $ 18,669.
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Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / Art Furnace
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