These 5 altcoins are beating every major cryptocurrency this week

Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24.


In what many are heralding as the beginning of “altseason,” large-cap cryptocurrencies are seeing their biggest gains in three years.

XRP, XLM lead new “altseason”

Cointelegraph takes a look at five of the biggest movers, all of which have returned to at least a $1 billion market cap.


Top altcoins by weekly gains. Source: CoinMarketCap

XRP

Ripple’s XRP token is gaining traction on social media after a curious lull, thanks to its weekly gains that have topped 110%.

At press time, XRP/USD traded at $0.62, having reached $0.92 before a sudden 30% crash, which came in tandem with Coinbase experiencing a major technical outage.

Nevertheless, the token still remains far from its peak of over $3 or roughly 80% from its all time high.

By comparison, Bitcoin (BTC) is now just 3% from its all-time high in December 2017.

Stellar (XLM)

On the back of XRP’s resurgence, Stellar (XLM) beat its daily gains to pass $0.18 and deliver over 90% weekly returns.

A classic move for the sister-altcoin, which tends to follow XRP in bull markets, Stellar returned to its position from November 2018. Its all-time highs lie at just above $0.60.

Cardano (ADA)

Another major success story this week, Cardano (ADA) topped 50% weekly gains, much of which occurred prior to Wednesday’s altcoin action.

WIth a market cap now above $5 billion, Cardano became the eighth largest cryptocurrency, clipping $0.16.

Against a backdrop of all-time highs above $1, however, much ground remains for investors to see significant returns from previous years.