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Altcoins rally as Bitcoin reaches record highs, with Cardano and XRP increasing by more than 10%.
Bitcoin (BTC) achieved a new all-time high of $118,287.46 on July 11 and has increased by 3.3% in the last 24 hours, while prominent altcoins are driving the gains during the same timeframe.
Ethereum (ETH) surpassed the $3,000 mark for the first time since February 2, currently trading at $2,987.55 as of the latest update, reflecting a 6.1% rise in the past day.
XRP has seen daily gains of 10.4%, with the token reaching a value of $2.75. Cardano (ADA) also experienced double-digit growth in the last 24 hours, with ADA priced at $0.73 after a 12% increase.
Dogecoin (DOGE) is currently positioned at $0.2086 and is another significant altcoin with notable upward movement, having risen 12.6% over the previous 24 hours.
BNB is among the few major altcoins that did not significantly outperform Bitcoin. Nevertheless, the token still rose by 3.1% in the past day, while Solana (SOL) increased by 2.4% to $164.77 as of the latest update.
Hyperliquid (HYPE) reached another all-time high at $46.45 as of the latest update, supported by an 8.3% price increase.
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Concluding the impressive gains of major altcoins, Stellar (XLM) captured attention with a 24.3% increase in 24 hours, trading above $0.37.
The strong performances led to over $1 billion in liquidations in the past 24 hours, according to data from Coinglass.
AI and NFT applications lead the run
In addition to major altcoins, the sectors with the highest average daily gains are those associated with artificial intelligence (AI) and non-fungible tokens (NFT) applications.
As reported by Artemis, native tokens from NFT applications have risen by 16.9%. This performance is significantly driven by the Pudgy Penguins (PENGU) token, which surged 23% in 24 hours and is currently valued at $0.0234.
AI tokens experienced an average gain of 10.9% during the same period, largely propelled by Story’s (IP) 32% increase.
The memecoin sector recorded a 9% average price rise, with MemeCore jumping 82.5% and leading the group.
The post Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10% appeared first on CryptoSlate.
