In the previous week, market capitalization went down by 6% and this caused a major decrease in the value of the major tokens XRP and Litecoin have made significant moves with their values increasing this week.
Data Analytics Firm Santiment Stated
Santiment has gone ahead to say that the three assets mentioned above have shown great signs of recovery with the prices dropping in the last week.
They noted that the investors experienced alarming losses in the past work. Relating to other tokens’ news, the price of Bitcoin has been speculated to go further and further downwards as the room for it to flop is still wide.
For the altcoins, however, there are possible signs that they could go higher in the near future. The value of the XRP token has gone up by more than 1.5% in the last 24 hours.
Litecoin Price Boosts
According to Coinmarket.com, the value of Litecoin has gone up by 1.93% over the last 24 hours at the time of writing. The token currently has a market capitalization of 4.86 billion dollars.
The altcoins are expected to experience major growth as time progresses despite most of their prices being influenced by the fluctuating Bitcoin token. The market is slowly recovering and other tokens are expected to go high as well.