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Cryptocurrency experts name the cryptocurrencies that have started to grow despite the fall of the crypto market
After a tumultuous week that negatively impacted the crypto industry, several altcoins have begun to signal a potential recovery. XRP, Litecoin (LTC), and Stellar (XLM) offer the most hope for crypto investors.
In a recent report, analytical company Santiment emphasized that these three digital assets show «promising signs of a comeback» despite the overall drop in crypto market capitalization that has been observed over the past seven days.
Analysts say that XRP dropped by 16.2% over the week, but rose by 1.9% over the last day. The market capitalization of XRP amounted to $ 27.47 billion, and daily trading transactions amounted to $ 1.63 billion.
Litecoin grew by 2.33% per day. The total number of coins on the market amounted to $ 4.83 billion, and traders made daily trading deals worth $ 327.13 million.
Finally, Stellar (XLM) managed to grow by almost 1% to reach $ 0.1249. The market capitalization reached $ 3.42 billion, and traders made daily trading deals worth $ 184.56 million.
The main cryptocurrencies BTC $97,943.93 Bitcoin 3.86% Market capitalization $1.94 trillion VOL. 24 hours $2.22 billion , ETH $3,479.34 Bridged Ether (StarkGate) 2.29% Market capitalization $0.31 billion VOL. 24 hours $1.04 billion , as Santiment noted, have dropped. As of August 21, bitcoin can be purchased for an average of $ 26,054 with a market capitalization of $ 507.06 billion. Daily trading transactions exceeded $ 9.49 billion.
As for the leading altcoin, at the time of writing, ethereum is trading at $ 1,673. The total supply of coins on the market amounted to $ 201.11 billion. Traders made daily trading deals worth $ 4.03 billion.
Despite the relatively pessimistic sentiment in the crypto industry, analysts emphasize that the cryptocurrency market is volatile, and prices are subject to rapid and significant fluctuations. Regulatory changes or macroeconomic events can have a significant impact on the industry. The ongoing legal battles between the SEC and the crypto market are also in the focus of crypto experts, and all of this has an impact on the indicators — both on the progress of the crypto industry and on the regression.