After a week in which Bitcoin (BTC) tried to recover, altcoins that made a strong start to the weekend in the cryptocurrency market are attracting attention.
Cryptocurrency market, Mt. Gox and the German government managed to break the sales pressure. In particular, the end of BTC sales, which the German government sent to stock exchanges at regular intervals, led to the data flow turning positive and the revival of crypto currencies.
In a week where spot Bitcoin ETFs recorded net inflows for five trading days, BTC price showed signs of recovery. Following these developments, all eyes turned to the performance of altcoins.
Altcoins that made their mark on the weekend after an active week:
1. XRP (XRP)
XRP, one of the most well-known names in the crypto industry, became the most rising altcoin of the day. This blockchain startup, known for its lawsuits with the SEC, rose by 11.39% in the last 24 hours. According to CoinMarketCap data, XRP reached a trading volume of over $2 billion in the last 24 hours and has a market value of $28.417 billion.
2. Stellar (XLM)
Founded with the principles of fast transfers, low cost and transparency, Stellar has remained in the background in recent years. However, XLM, known as XRP's rival, increased by 10.50% in the last 24 hours and became the second highest rising altcoin of the day. According to CoinMarketCap data, XLM has a trading volume of $112,533 million in the last 24 hours and a market value of $2,916 billion.
3. Maker (MKR)
The popular DeFi project Maker, which is also the issuer of the DAI stablecoin, was among the altcoins that marked the day. It showed an increase of 9.85% in the last 24 hours. According to CoinMarketCap, MKR reached a trading volume of over $135 million in the last 24 hours and has a market cap of $2.447 billion.
4. Ronin (RON)
Ronin, the gaming blockchain behind many GameFi and Play2Earn projects, became the fourth highest rising altcoin of the day. RON increased by 9.51% in the last 24 hours. According to CoinMarketCap data, RON has a transaction volume of $21,265 million in the last 24 hours and stands out with a market value of $716 million.
5. Immutable (IMX)
Immutable, which enables transactions via blockchain and printing NFTs, attracted attention with a 9% increase in the last 24 hours and became the fifth most rising altcoin of the day. According to CoinMarketCap data, IMX reached a trading volume of $40 million in the last 24 hours and has a market value of $2.07 billion.
These altcoins continue to attract investors' attention with a strong start to the weekend.
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