Most large-cap cryptos like Bitcoin and XRP finally saw some price movement that pushed these cryptos up the charts.many best performing cryptos registered corrections.
It seemed like XRP was on the road to recovery since the crypto took advantage of Bitcoin’s hike to register gains of its own. In fact, XRP has surged by over 14% on the charts over the past 7 days.XRP’s recent hike isn’t driven by Bitcoin’s surge alone. In fact, according to many, Ripple and XRP may be the biggest beneficiary of the OCC’s decision to allow banks to offer crypto-custody services.
Tezos, the cryptocurrency ranked 13th on CoinMarketCap’s charts, has been one of the year’s best-performing crypto-assets. In fact, at the time of writing, XTZ was noting YTD gains of over 125%. While some would argue that Tezos was one of the alts to drive the market’s performance over the last few months, that hasn’t been the case over the last few days,in fact, after reversing a correction wave and climbing by over 15% on the charts, XTZ has fallen by almost 3% in the last few days, quite contrary to the movement of XRP.
Like Tezos, Chainlink has been one of the market’s best-performing cryptos, with the 11th-ranked crypto registering YTD gains of 334%, at the time of writing. Like Tezos, LINK too touched its local top on the chart recently, before correction waves swept it away.However, these corrections were soon followed by gains, with LINK climbing by over 8% on the charts. It must be noted, however, that most of the crypto’s appreciation was registered prior to the market surge that followed the OCC’s announcement.