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As Bitcoin is strengthening its positions, many top crypto assets are following the trend.
In the last 24 hours, Bitcoin saw its value cross the $52,000 mark for the time in several months. While it is undeniable that the flagship asset is the king of the crypto industry, many other crypro assets have historically been able to ride on its impressive run to stage their own green run too.
Thus, BTC’s ability to scale the threshold saw several altcoins also test new heights. Notable amongst these assets include Litecoin, Bitcoin Cash, XRP and Stellar who also saw an upside movement in their trading within the period.
Here, we would chronicle the run of some of these crypto assets within the last 24 hours.
Bitcoin Cash is a hard fork of Bitcoin. The asset emerged during the early bull run in 2017 and has steadily been able to cement itself as an asset that can be reckoned with in the digital coin space.
Within the last 24 hours, available data shows the asset did not rise in tandem with that of Bitcoin. However, despite its lack of positive run during this period, its price has had a 30 percent increase since August 31 when its value was at $617, as it saw an intraday high of $806 on September 6.
According to the popular crypto analyst, Alex Clay, its recent price movement has resulted in the formulation of a cup and handle pattern which is an indication that the price of the asset could still spike higher than we are currently witnessing.
As of press time, it is trading at $739 with a market cap of $13.92 billion.
XRP is the token widely used in the solutions of the leading crypto firm Ripple. The asset within the last 24 hours has seen its value drop by 7.20 percent to $1.28. While the asset has continued to perform admirably in the market considering the fact that its parent company has been battling the Securities and Exchange Commission (SEC) concerning if the asset is a security or not.
In the last 24 hours, XRP saw an intraday high of $1.41. With a market cap of $59 billion, it is currently ranked as the 6th largest crypto asset by market cap.
Popularly referred to as the silver of Bitcoin because its design was modeled after the crypto king. It has however been able to cement its own spot in the industry due to its increased token supply and block time.
In the last 24 hours, LTC saw its value reach an intraday high of $231 but its value has currently dropped to $205. However, in the last 7 days, it has recorded a growth of over 40 percent.
It is currently ranked 14th with a market cap of $13 billion.