XRP, XLM, and LINK have been the top performers among the top 50 cryptocurrencies by market cap over the past week. Their performance has seen Bitcoin’s market dominance drop below the 50% mark, leading investors to speculate whether the altcoins season is here.
XRP, the native coin of the Ripple ecosystem, has increased by more than 70% this month, thanks to a favourable ruling in the Ripple vs. SEC case. Following this, XLM, the native coin of the Stellar Lumen ecosystem, has rallied by more than 50%. LINK has also added more than 20% to its value following the release of its CCIP protocol.
Shiba Memu’s presale also continues to break records, with the team raising more than $1 million so far. Shiba Memu is a meme coin project that seeks to differ from the current crop of meme coins in the cryptocurrency space by offering more value to users. The platform will combine AI and blockchain technology to develop an unstoppable, entirely self-sufficient marketing powerhouse.
If the project is able to gain the right level of adoption, its SHMU token could rally higher in the coming months and years.
Before making any investment decisions, it is important to do your own research and understand the risks involved.