In the busy cryptocurrency landscape, it is difficult for investors and enthusiasts to stay up to date with rapidly changing trends. This week, all the spotlight was on Bitcoin’s recent rally and the surprising development in the case between the SEC and Ripple, where the court rejected the SEC’s request to appeal the ruling in Ripple’s favor.
However, while many are distracted by this drama, Santiment, a renowned market analysis platform, highlighted other altcoins that are making noise and deserve attention.
Although Ripple (XRP) has been in the spotlight, especially after the court ruling, its price movements have, in some ways, been overshadowed by two other digital currencies. RAY and VRA stood out with surprising growth. RAY saw a remarkable 24% jump in just 1 hour, while VRA showed a robust 71% rise over the course of a week.
The numbers don’t lie. Let’s break down a little more about these coins:
- Ripple (XRP): One of the protagonists of the week, with a current price of US$0.532940, showing an increase of 4.8% on the day, but also a growth of 6.7% for the week.
- Raydium (RAY): Despite having suffered an 8.9% drop on the day, with a price of US$0.190787, when looking at its weekly performance, we note an impressive increase of 15.5%. A rollercoaster worth monitoring.
- Veracity (ASK): The star of the week with an incredible 75.5% rise over the last seven days. It is currently priced at US$0.00658759 and continues to rise with a daily increase of 12.7%.
🗣️ Most chats have been circulating around the #SEC‘s appeal against #Ripple and $XRP being denied. But keep an eye on $RAY‘s sudden +24% pump in less than 1 hour, $VRA‘s impressive +71% surge in 1 week, and other #altcoins currently driving markets. https://t.co/i6cAC5dsox pic.twitter.com/tBqWCuzQTB
— Santiment (@santimentfeed) October 4, 2023
Amidst so many fluctuations and events, Santiment reminds us of the importance of keeping our eyes open and not only focusing on the big players in the market, but also on those who may be about to shine.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.