OG Large-Cap Altcoins Lead Market Rally – Crypto News – Crypto News
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OG Large-Cap Altcoins Lead Market Rally – Crypto News

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11 months ago

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With the market up across the board and Bitcoin breaking through multiple new all-time highs over the past two days, large-cap OG Layer 1 (L1) tokens in the top-20 — namely XRP, DOGE, ADA and XLM — are soaring.

Stellar’s XLM, the 16th-largest crypto asset by market cap, leads the pack in terms of daily gains, up more than 25% on the day and 55% on the week.

XLM 7-day price chart. Source: CoinGecko

Cardano’s ADA, ranking 11th, is up 15% on the day and 28% on the week, while Ripple’s XRP gained nearly 12% on the day and 24% on the week No. 8 Dogecoin’s DOGE is matching XRP on daily and weekly gains.

The four L1 assets, which often move together, are leading the charge in terms of 24-hour gains today among the top-20 — a strong signal of retail momentum, as these assets represent some of the longest-standing large-cap cryptocurrencies. While XLM may not always be considered part of that group, it does often move with them.

The top more crypto-native L1 assets are also making moves today in the broader market rally, albeit smaller ones. That said, their market capitalizations are so high that they don’t always move quickly.

ETH up 6% on the day and 18% on the week, breaking through $3,000 for the first time in over five months. BNB is up 3% on the day and 5% on the week, while SOL is up 4% on the day and 12% on the week. Newcomer Hyperliquid’s HYPE is keeping pace with ETH, up 8% on the day and 19% on the week.

Other newer altcoins, like decentralized exchange (DEX) focused L1 Sei (SEI) and synthetic dollar protocol Ethena (ENA), are up substantially more than these. SEI is up 19% on the day and 26% on the week, while ENA is up 17% on the day and 35% on the week.

Recent research from Delphi Digital showed that so-called crypto “dinos” — including XRP and ADA, alongside Litecoin (LTC), Bitcoin Cash (BCH), and IOTA — together performed better than more-hyped sector assets, like AI and DePIN tokens, since early January.

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