Bitcoin boom fuels rapid growth in alt-coins including Cardano and XRP
A months-long rally in bitcoin has pushed the world’s most popular cryptocurrency to values well beyond the pandemic-era boom. But going mainstream has pushed investors to find the next big thing, and even higher returns, fuelling the growth of other cryptocurrencies, some of which have posted growth that leaves bitcoin in their wakes.
XRP, the third most popular token and one of five that will be part of a strategic crypto reserve announced by US President Donald Trump, is up 530 per cent since his election. Cardano, the seventh most popular coin in circulation with a combined value of around $US29 billion ($44 billion), according to CoinMarketCap, is up around 150 per cent.
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