Significant changes occurred in the cryptocurrency market this week. XRP surpassed its previous record, reaching a price of $3.65, capturing investors' attention. However, Stellar (XLM) demonstrated an even more impressive surge, overtaking XRP.
XRP Sets a Record
XRP recently made headlines by hitting $3.65. After years of waiting, the XRP community finally saw the expected breakout, with a rise of over 33% in just a week. The cryptocurrency has become a topic of discussion in the market due to this burst of positivity.
Stellar (XLM) Leads the Charge
Stellar (XLM) has stood out this week with a remarkable 62% increase. Currently trading around $0.49, XLM has surged more than 365% in a year. This rise is supported by growing retail and institutional interest, strong partnerships, and real-world applications, including asset tokenization and hosting PayPal's PYUSD stablecoin.
Other Assets in the Race
Other coins like Bonk (BONK) and Pudgy Penguins (PENGU) are also showing significant increases. Bonk jumped by 53%, reaching a recent high of $0.00004022. Pudgy Penguins soared nearly 229% over the month. These assets continue to attract investor attention and have considerable potential in a positive market sentiment.
This week, while XRP caught attention with its record, Stellar (XLM) emerged as the brightest performer in the cryptocurrency market. The growing interest in new tokens like Bonk and Pudgy Penguins further demonstrates the market's dynamism.
