Hedera (HBAR) and Stellar (XLM) Lead Crypto Gains as Prices Surge Up to 55% on November 23

The cryptocurrency market experienced a bullish surge on Saturday, with bitcoin maintaining a stable position around $98,250. This positive momentum has also influenced major Altcoins, including Cardano (ADA), Ripple (XRP), and Avalanche (AVAX), which have all seen increases ranging from 14.5% to 25.5%. However, the standout performers of the day were undoubtedly Hedera (HBAR) and Stellar (XLM), recording substantial gains of 26% and 55.5%, respectively, over the last 24 hours.

The entire crypto market capitalization has seen a slight uptick of approximately 1.7% in the same timeframe, bringing the total to an estimated $3.32 trillion. Despite this increase, the overall market volume has declined by 12.5% from the previous day, settling at around $215 billion. This report provides an overview of the top cryptocurrencies by market cap and their price movements as of November 23.

Bitcoin, the leading cryptocurrency, has held firm at $98,250 throughout the past 24 hours. ethereum (eth) and solana (SOL) have also maintained their current levels, displaying little to no significant price changes. Meanwhile, XRP, a prominent player, has surged by approximately 15%, leading the charge among the biggest gainers. Top meme coins, such as Dogecoin and Shiba Inu, have also seen an uptick of about 9.5%, reflecting robust buoyancy in today’s cryptocurrency prices.

As of now, Bitcoin’s trading price stands at $98,560. The cryptocurrency’s intraday low and high have been marked at $97,310 and $99,680, respectively. With a market cap nearing $1.92 trillion and a trading volume of $75 billion over the past day, Bitcoin retains its dominance with a market share of 59%. Data from Sosovalue indicates that approximately 22.9 million btc were withdrawn from 12 BTC ETFs, although BlackRock’s IBIT data is still pending.

Ethereum’s position remains unchanged at $3,340. Its 24-hour low and high are $3,270 and $3,430, respectively, indicating minimal fluctuation in its price. With a market capitalization of $398 billion, Ethereum continues to show strength, having risen by about 7.5% over the past week. It currently commands a market share of 12.5%, with 8.5 million ETH having been withdrawn from ETFs as per recent data, while BlackRock’s input is anticipated to impact future pricing dynamics.

Solana has seen a minor dip of 2.5% over the last 24 hours, currently trading at $258. Despite this short-term decline, Solana has experienced a 17% rise over the past week, showcasing strong growth potential. It holds a market cap of $120 billion and a 24-hour trading volume of $7.5 billion, maintaining its position as the fourth-largest cryptocurrency worldwide.

Ripple’s XRP has experienced a notable 15% increase, trading at $1.57. The cryptocurrency’s low and high for the past day were $1.37 and $1.63, respectively, reflecting substantial volatility and growth. Over the past seven days and month, XRP has surged by 76% and 201%, respectively, establishing itself as the sixth-largest cryptocurrency with a market cap of $90 billion and a trading volume of $21 billion.

Among meme coins, Dogecoin is currently trading at $0.405, with a 9.5% increase in the last 24 hours. Its 24-hour low and high are $0.3875 and $0.4312. Similarly, Shiba Inu is up 9%, with trading figures at $0.00002675 and a low-high range of $0.00002450 to $0.00002755. Conversely, other meme coins like PEPE, BONK, and WIF have experienced declines ranging from 3% to 9%.

Stellar (XLM) has emerged as one of the top gainers today, currently trading at $0.445, which signifies a 56% increase. Its 24-hour low and high are marked at $0.2789 and $0.4650, indicating considerable volatility. Similarly, Hedera (HBAR) is performing strongly with a 26% rise, trading at $0.1562. Its 24-hour low and high are $0.1290 and $0.1702, respectively.

Cardano (ADA) is also on the rise, recording a 24.5% increase to trade at $1.11. It experienced a low of $0.87 and a high of $1.14 over the past day, highlighting significant market movement and positioning ADA as the ninth-largest cryptocurrency by market cap.

Amid these gains, some cryptocurrencies faced losses, such as Peanut the Squirrel (PNUT), which is down 13.5%, now trading at $1.10. Its 24-hour low and high are $1.06 and $1.32. Popcat (POPCAT) has decreased by 9.5%, currently at $1.42, and Raydium (RAY) has fallen by 8.5%, trading at $5.93. These fluctuations underline the ongoing volatility in the cryptocurrency market. As the market adjusts to these movements, investors and traders are eyeing future trends with cautious optimism.