Disclosure: This post may contain affiliate links. This means that at no cost to you, we may earn a small commission for qualifying purchases.
The cryptocurrency market crashed last week with Bitcoin dropping to $7,000. While the market has a habit of crashing and then making a quick comeback, this also shows us why investing in cryptocurrencies is not for the faint of heart.
Now that we entered into a new week the cryptocurrency market is finally back on track and all top 100 cryptocurrencies are seeing major price spikes. With that being said, today we are going to check out which are the best performing cryptocurrencies and see how much value they managed to gain the last 24 hours.
Top Performing Cryptocurrencies
- Bitcoin is up by 8.82% ($8.330.94);
- Ethereum is up by 8.36% ($533.20);
- Ripple (XRP) is up by 11.45% ($0.659772);
- Neo is up by 18.09% ($65.63);
- Cardano (ADA) is up by 23.04% ($0.166468);
- Stellar (XLM) is up by 30.75% ($0.224978);
- Monero (XMR) is up by 15.21% ($211.14);
- Nano is up by 18.35% ($7.80).
Stellar (XLM) is the Top Performer
As we can clearly see, Stellar (XLM) is leading the way for this recent market recovery with its huge 30.75% price increase which occurred in the last 24 hours. What’s interesting is that despite this huge price spike, Stellar (XLM) still sits below the dollar. However, if Stellar (XLM) keeps going strong like this then it might surpass the psychological $1 milestone in the not so far away future.
On the other hand, Bitcoin is quickly recovering from its $7,000 all month low. Since Bitcoin is the biggest cryptocurrency in the world, its price downswings and upswings are quite important because they heavily influence the cryptocurrency market.
It’s great seeing that the market is making such a quick comeback after it lost so much value in only a couple of days. Nonetheless, this is the cryptocurrency market we are talking about and no one should be surprised if it crashes once again.