Altcoin Season？ DOT, BSV, XLM, ORDI Lead the Charge

Some of the major altcoins in the crypto market turned bullish while leading cryptocurrencies Bitcoin (BTC), Ether (ETH) displayed sluggish growth, unable to reach higher prices. Digital assets including Polkadot (DOT), Bitcoin SV (BSV), Stellar (XLM) and Ordinals (ORDI) showed notable gains, staying in the green.

According to the data from CoinMarketCap, DOT outperformed most top 10 digital assets except XRP that had surged 17%. DOT‘s trading volume rose to 2.96%, reaching $202 million. The cryptocurrency’s price rose 3.35% and it is currently trading at $4.72. However, the altcoin is down more than 11% in the past seven days.

Further, BSV was up 5% trading at $40.48 at the time of writing. Ranked as the 70th-largest digital asset by market cap, which stands at $799 million, BSV‘s trading volume rose a whopping 106.65% in the past 24 hours, standing at $75.9 million. However, the cryptocurrency’s price dropped 16.80% in the past seven days.

XLM was also one of the best performing altcoins in the market, up by more than 9% in the last 24 hours and trading at $0.1018 at the time of writing. Further, the trading volume of the digital asset rose a whopping 254.50%, currently standing at $290 million. The altcoin is up 3.25% in the past week as well.

Finally, ORDI, the token associated with Bitcoin Ordinals, rose almost 2%, and is priced at $27.26 at the time of writing. The cryptocurrency‘s trading volume decreased 19.56% while its market capitalization stands at $570 million. The digital asset’s value dropped 21.78% in the past seven days amid the broader crypto market meltdown.

In contrast, Bitcoin and Ether failed to establish new highs, with BTC trading at $56,761 and ETH at $2,423. Both cryptocurrencies suffered losses over the past week, declining by 10.92% and 23%, respectively.

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