Massive Altcoin Rally: Top Tokens to Watch After 600% Gains

The crypto market’s been on fire lately, right?

Since November 5, Bitcoin led the charge during the U.S. elections, but the spotlight isn’t just on the leading cryptocurrency. Ripple’s XRP, Cardano (ADA), and Stellar (XLM) have all surged significantly, pushing the total market cap to a staggering $3.48 trillion.

The big question now: Can this rally keep going? Let’s explore the standout altcoins driving this market frenzy.

XRP’s Back—And It Isn’t Slowing Down!

XRP is on a roll. It’s up a huge 467% since November 5, jumping all the way to $2.87, a price we haven’t seen since January 2018. While it’s still 31% below its all-time high, this is a major comeback. The token has been making waves, with a 17.64% price increase in the last 24 hours and trading volume surging by 36.12%. It’s even back to being the #3 cryptocurrency on CoinMarketCap.

Could XRP climb even higher? Breaking its all-time high is possible, and its momentum makes it one of the most exciting tokens to watch in the ongoing altcoin rally.

ADA and XLM: Not Far Behind

Cardano (ADA) has seen a steady rise, gaining 307% since early November to reach $1.32. Currently, 79% of ADA holders are in profit, even though the token is still 59% below its all-time high of $3.10. Investors remain optimistic, thanks to Cardano’s solid fundamentals and continued development, which could sustain its growth in the long run.

Stellar (XLM) has been a standout performer, skyrocketing 607% since November 5. Its price remains 42% below its all-time high, but a 27% increase in trading volume in the past 24 hours signals growing interest. Stellar’s performance highlights its strong appeal in this altcoin-driven rally.

Is This a Pause or the Start of the Next Big Move?

After these major gains, the crypto market seems to be taking a breather. Many investors are locking in profits, which has led to some stagnation. While this might suggest the rally is slowing down, history shows that such pauses often pave the way for further growth.

Analytics firm Santiment recently shared insights on X, noting signs of trader fatigue and slowing retail activity. Interestingly, this could be a positive sign. With less FOMO (fear of missing out) in the market, there’s potential for steadier and more sustainable growth.

The future of this rally remains uncertain, but the potential for more gains is undeniable. XRP, Cardano, and Stellar have captured the spotlight, and their momentum could continue to shape the market.