Cardano’s native token, Ada finished the week with a positive note and soared far higher than Ripple’s XRP. The surge in value comes after Bitcoin hits a fresh high of $125,506 on Sunday. This lifted the wider cryptocurrency market and turned major altcoins and meme currency into green.
As the market entered the eco-friendly side of the spectrum, Cardano scored a 6% return in a week, while XRP printed a 3.7% profit. The ADA surged about 80% ahead of Ripple’s native token in the first week of October.
The recent price surge has led the ADA to earn 24-hour trading volumes, exceeding $1.5 billion. Meanwhile, XRP’s daily trading volume fell to $5 billion after hitting a high of $8.5 billion in September.
Both Altcoins balance the price range from $1 to $3. XRP is considering regaining the $3 mark, but Cardano is aiming to go above the $1 level. The best ADA we reached is $0.87 on Sunday, while Ripple’s token is $2.97.
What’s next for Cardano and XRP?
Major altcoins remain investors’ favorites as they have little pervasive in the charts. They are one of the most popular tokens on the market, with investments flowing from retail and institutional funds. If Bitcoin jumps further on the charts, Cardano and XRP can trade well above $1 and $3 respectively.
The cryptocurrency market is in the crosshairs of the new price jump. Obtaining an entry position is beneficial as it increases the trust of investors. The stock and cryptocurrency market is full of optimism, with Cardano and XRP at the heart of it. SEC approval for the XRP ETF is pending and the decision could ripple out or break. If the ETF passes, the sky is the limit of Ripple’s Altcoin.
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