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Litecoin, Binance Coin, and Cardano surge by over 5% in 24 hours; has the altcoin season cometh?

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Bitcoin’s recent surge contributed to a lot of altcoins pumping, with Litecoin especially profiting. However, even after Bitcoin’s surge had stopped, Litecoin still seemed to be pumping, and so were Binance Coin and Cardano.

Litecoin, the fourth largest cryptocurrency in the world, pumped by approximately 8.86% in over 24-hours. The price of Litecoin, at press time, was $139 and it had a market cap of $8.6 billion.

Source: TradingView

With Litecoin’s halving approaching, the community is getting geared up and historically, the price of Litecoin and Bitcoin have always starts rallying a year before the halving. In a span of 7-days, the price of Litecoin has surged by a massive ~36%, while Bitcoin has risen by only 2.36% and Ethereum by 2.02%.

Binance Coin surged the second highest in a span of 24 hours, with the percentage change for BNB at 5.15%. BNB was priced at $33.45, and had a market cap of $4.77 billion.

Source: TradingView

Binance Coin surged over 2019 that has become the best performing asset in the world’s top 10 cryptocurrencies. The price of BNB saw a meteoric rise of 415% in over 140 days as the coin was priced at a mere $5 at the start of 2019.  The coin has surged by 12.55% in the last 7 days.

Cardano is currently the eleventh largest cryptocurrency in the world, standing just below Stellar with almost an equal market cap of $2.3 billion. Cardano was priced at $0.08 at press time, and it surged by 5.07% over the last 24 hours. Over the course of 7 days, the coin surged by 6%.

Source: TradingView

Major coins like Bitcoin and other altcoins like Ethereum, XRP, Bitcoin Cash were barely surging, when compared to the above-mentioned coins. Therefore, the surge cannot be considered as an altcoin season.

The post Litecoin, Binance Coin, and Cardano surge by over 5% in 24 hours; has the altcoin season cometh? appeared first on AMBCrypto.