A few hours ago, Bitcoin (BTC) surpassed the $ 37,000 level, reaching an all-time high. However, Bitcoin is not the only cryptocurrency to make headlines with its price surge as the market-wide crypto rally is finally beginning. A large number of altcoins were also on the rise, following Bitcoin.
In fact, there are many cryptocurrencies outperforming BTC on a weekly basis, of course, within their capabilities. Together, they all contributed to the total crypto market record to exceed $ 1 trillion for the first time in cryptocurrency history.
However, the weekly top performing cryptocurrencies are Stellar (XLM), Cardano (ADA) and NXM (NXM).
Stellar Meets $ 0.4 Resistance
Stellar is currently the best performing coin of last week, with a price 174% higher than a week ago. The coin jumped from $ 0.1309 to $ 0.4 in a few days. It was halted after its rise reached $ 0.4, just past it, and its price has experienced a slight correction since then. Still, XLM is still pretty high, with a current price of $ 0.3497 and a market cap of $ 7.7 billion. The cryptocurrency is currently the 9th largest cryptocurrency whose price has increased by 30% in the last 24 hours alone.
Now, even though XLM is slightly below its weekly high and well away from its $ 0.9381 ATH, the coin still has excellent potential to continue to rise and break the $ 0.4 resistance in the coming days.
100% Rise from Cardano
The next altcoin on the list is Cardano (ADA), which started to rise on January 3rd. Since then, the coin has grown nearly 100% from $ 0.174 to $ 0.35. The market value of crypto money has exceeded $ 10 billion. Thanks to this, ADA managed to outpace Bitcoin Cash and climb to sixth place on the list of the largest cryptos by market cap.
Cardano saw more than a good success in 2020 as it launched the Shelley update. However, it has not yet enabled smart contracts, and when it does, developers will be ready to produce DeFi projects, dApps, and more.
It could be a good process for its investors as Cardano will see many more use cases and eventually new investments. As demand is about to increase, it is not surprising that the price of the cryptocurrency is also increasing rapidly.
Third Best Performance From NXM
Finally, NXM is trying to grow as soon as 2021 arrives. The first three days of this year forced the coin to stay below the $ 26 resistance. The cryptocurrency attempted to cross this level three times and failed on all three. However, after January 3, the crypto bull run gave NXM the chance to participate in the rally and gain the necessary strength. Cryptocurrency has advanced rapidly and quickly overcame resistance. Of course, it encountered other resistance, some of which were overcome and some prevented it from moving further.
Regardless, the cryptocurrency has reached $ 36.8 earlier today, after a 65% increase in the past few days. In the last 24 hours alone, it has seen its price increase by 11%, which is a pretty good performance. Currently, the coin has a market cap of $ 200.2 million, which places it 86th on the list of largest cryptos by market capitalization.