Dogecoin, Cardano, Vechain and Ripple’s XRP are the top-performing altcoins this week
Dogecoin has become the top gainer with experts predicting a massive surge
Experts are calling the market sentiment as “definitely alt season”
Top Altcoins Today
Ripple’s XRP/USD on Roller Coaster
Ripple’s native token, XRP is specifically used as a fast, cost-effective, and more scalable alternative to other digital assets and existing monetary platforms. While the coin currently stands at 4th rank, it began its operation in 2012. XRP witnessed steady growth and reached its ‘all-time high’ in Jan 2018 priced at $3.84. Later, it slipped down and at the time of writing, XRP was priced at $0.199280.
At press time, XRP is gaining a momentum of 7.56 percent, bringing its trading value to the mark of $0.19 against USD.
Considering the statistics and the present price, XRP could be a better altcoin you can consider at present.
TikTok Videos Spike Dogecoin Price at 1900% in 2 Days
Dogecoin, a Shiba Inu meme-based cryptocurrency is currently the 27th largest cryptocurrency in terms of market capitalization. Following the data from Messari and online videos posted on TikTok, Dogecoin has quietly gained 1900% in 2 days. As per the analysis, Dogecoin videos posted on short video sharing application TikTok has spiked the interest among users.
At the time of reporting this, Dogecoin is surging by 43.74 percent within the past 24hours, making it the highest performing altcoin today. However, according to Anil Lulla, a former analyst at Bloomberg and currently at Delphi Digital, a crypto research firm;
“The recent rise of dogecoin, a meme coin, should serve as a reminder to everyone in the space that the most popular use case for crypto is still purely speculation,”
Essentially, this altcoin is an open-source digital currency created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney. Dogecoin differs from Bitcoin’s Proof-of-Work protocol in several ways. This altcoin has a block time of 1 minute and the total supply is uncapped. More than 125 billion dogecoins have been circulated, with an all-time high of $ 0.018773 in Jan 2018.
Not to forget that this meme cryptocurrency has received huge support, Tesla CEO Elon Musk is one of them. He posted several tweets on social media that Dogecoin is his favorite.
On the other side, a full-time trader from Amsterdam stock exchange and a technical analyst predicts the possible rise in Dogecoin.
Ranked at 6th on Coinmarketcap, ADA as of now has a total supply of more than 31 billion. The all-time high was in Jan 2018 which was trading at $1.33. At the time of writing the article, ADA counts at $0.133 against USD, with a surge of 25.67 percent within the past 24Hrs.
The surge appeared soon following the recent staking news and several announcements released by Cardano developer house, IOHK during the Cardano official virtual conference. As per the latest report, IOHK introduced delegation and staking function in Daedalus wallet V.1.2.0-STN1 for the Cardano Shelley testnet.
IOHK has published the Daedalus wallet V. 1.2.0-STN1 for the Cardano Shelley testnet, introducing the delegation and staking functions. Users can now download the wallet and use the testnet faucet to test the new features.
To give a brief, Cardano (ADA) is a decentralized platform founded by Charles Hoskinson in 2015 which raised around $60 million in an ICO before its release. Cardano’s roadmap for development has been divided into five eras Byron, Shelley, Goguen, Basho, and Voltaire, each having its own set of functionalities.
Vechain Makes Massive Jump with the Surge Over 25 Percent
Vechain is a blockchain ecosystem that aims to enhance supply chain management. Started in 2015, VeChain claims itself as a pioneer of real-world applications using blockchain technology.
At present, while writing this article, VeChain is valuing at $0.018305, however, it gained the all-time high figure in Sep 2018 with $0.019775. The altcoin has steadily increased its volume and acceptance around the world. Therefore it could be a better option.
Different people have a different opinion when it comes to choosing top altcoins in the market. While some prefer to stick to the global cryptos like bitcoin, while others like to explore other altcoins in the market.
While experts naming it as “alt season”, what’s your take on it.! Let us know your favorite cryptocurrency in the comment below.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at email@example.com