Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24.<\/p>\n
In what many are heralding as the beginning of alt season, large-cap cryptocurrencies are seeing their biggest gains in three years. <\/p>\n
Cointelegraph takes a look at five of the biggest movers, all of which have returned to at least a $1 billion market cap. <\/p>\n
Ripples XRP token is gaining traction on social media after a curious lull, thanks to its weekly gains that have topped 110%.<\/p>\n
At press time, XRP\/USD traded at $0.62, having reached $0.92 before a sudden 30% crash, which came in tandem with Coinbase experiencing a major technical outage. <\/p>\n
Nevertheless, the token still remains far from its peak of over $3, or roughly 80% from its all-time high.<\/p>\n
By comparison, Bitcoin is now just 3% from its all-time high in December 2017.<\/p>\n
On the back of XRPs resurgence, Stellar Lumen (XLM) beat its daily gains to pass $0.18 and deliver over 90% weekly returns.<\/p>\n
A classic move for the sister altcoin, which tends to follow XRP in bull markets, Lumen returned to its position from November 2018. Its all-time highs lie at just above $0.60.<\/p>\n
Another major success story this week, Cardano's ADAtopped 50% weekly gains, much of which occurred prior to Wednesdays altcoin action. <\/p>\n
With a market cap now above $5 billion, Cardano became the eighth-largest cryptocurrency, clipping $0.16.<\/p>\n
Against a backdrop of all-time highs above $1, however, much ground remains for investors to see significant returns from previous years. <\/p>\n
The fourth-biggest weekly rises belonged to Iota (MIOTA) on Wednesday, whose weekly gains totalled just under 50%. <\/p>\n
Currently at 26th on CoinMarketCaps list of cryptocurrencies, Iota hit $0.36 this week, but the path to new all-time highs remains decidedly uncertain those lie at close to $5.50.<\/p>\n
A familiar face among altcoin traders, Dashbrought up the rear among the weeks risers, with Dash\/USD gaining nearly 40% over the past seven days. <\/p>\n
At press time, the pair traded at $115, still far from its record of near $1,500. <\/p>\n
Bitcoin dominance. In case you were wondering, this is what alt season looks like, said popular trader Scott Melker, noting that the index failed to break upward this week.<\/p>\n
Quite reminiscent of 2017. Alts have a brief window to party, then you get back into Bitcoin, it rages. Rinse, repeat, he added.<\/p>\n
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See the article here: Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24. In what many are heralding as the beginning of alt season, large-cap cryptocurrencies are seeing their biggest gains in three years. Continue reading
\nThese 5 altcoins are beating every major cryptocurrency this week - Cointelegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"