Ripple and Stellar Lead the Way as Crypto Market Shakes Off Rout
Cryptocurrencies have witnessed a "V" shaped recovery in the last 24 hours, with Ripple (XRP) and Stellar (XLM) leading the way among top 10 currencies.
As of writing, XRP is trading at $1.57. The world's third-largest cryptocurrency by market capitalization has appreciated by 56 percent in the last 24 hours, according to data from CoinMarketCap. More impressive has been XRP's 77 percent recovery from the 3.5 week low of $0.897797 hit yesterday.
However, the cryptocurrency is still down 17 percent on a weekly basis, while year-to-date, XRP has depreciated by 31 percent.
Meanwhile, Stellar's XLM token has appreciated by 53 percent in the last 24 hour. XLM was last seen changing hands at $0.535388. As of writing, prices are up 80 percent from yesterday's 2.5 week low of $0.305034.
That said, XLM is largely unchanged week-on-week. Also, on a year-to-date basis, the world's ninth largest cryptocurrency by market capitalization is up 48.41 percent.
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Are we done with the correction yet though? I still don't feel like we are in the clear.
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