XLM Steals the Show With a 29% Surge, BTC Calms Down at $98K

XLM has been by far the best performer among large-cap altcoin projects. Bitcoin's failure to break the $100,000 milestone on Friday and Saturday

output: As BTC failed to cross the $100,000 mark on Friday and Saturday, prices dropped to around $98,000 on Monday. Several altcoins, including XRP and DOGE, saw declines over the past day. However, some altcoins, such as TON, DOT, and XLM, posted double-digit gains.

BTC traded at around $90,000 at the beginning of last week, but quickly gained traction, reaching an all-time high of over $93,800 by mid-week. This occurred as a result of substantial net inflows into spot Bitcoin ETFs in the United States. BTC continued to rally over the following days, peaking on Friday. At the time, the asset was just inches away from touching $100,000. However, it was stopped at around $99,800 on most exchanges.

So, despite the community anticipating and predicting it, it failed to reach this mark for the first time. Since then, BTC has lost some traction and is currently down around two thousand dollars to $98,000. Nevertheless, its market cap has reached $1.940 trillion on CoinGecko, with a weekly increase of 7.2 percent. However, its market dominance over altcoins has decreased further to 55.5 percent, leading to speculations about a potential altcoin season.

Many large-cap altcoins, such as ADA, XRP, and DOGE, made significant gains yesterday, but have pulled back significantly today. ADA fell 3 percent to below $1.05, XRP fell over 6 percent to below $1.45, and DOGE fell 7.5 percent to $0.43. In contrast, TON and DOT rose 11 percent and 17 percent to $6.25 and $8.9, respectively. XLM stole the show once again with a 29 percent increase. Stellar's native token has gained more than 480 percent in the past month and is currently trading at above $0.56. The total crypto market cap has decreased by about $50 billion since yesterday’s peak, but it still stands at close to $3.5 trillion on CoinGecko.