Solana and XRP Surge as Dogecoin and Bitcoin Hit Weekly Highs

Major cryptocurrencies including Solana and

Solana has risen 10% over the past day to a current price of $209, which is the highest price for SOL since December 19. SOL had risen to a new all-time high above $263 in November, but then fell to a low of $176. on December 20.

Meanwhile, Ripple-linked XRP hit a seven-year high of $2.82 in early December, but has been volatile since. , and has since fallen twice to $1.98.

These aren’t the only altcoins to post double-digit percentage gains in the past day; Cardano (ADA), Avalanche (AVAX), Chainlink (LINK) and Stellar (XLM) do the same in the top 20 cryptocurrencies. by market capitalization.

Such spikes come as Bitcoin climbed above the $97,000 mark on Thursday for the first time in more than a week and sat at $97,015 at the time of writing. It is up 3.5% on the day, with the market-leading coin’s recovery likely to propel other gains in the market.

Bitcoin just set a record price above $108,000 in December, but then only fell below $92,000 on December 30.

Dogecoin, the leading meme coin, also has a weekly high price of $0.34, rising over 7% on the day. DOGE is coming off a three-year high set in December, but the famously volatile coin fell below $0.27 on December 20 amid a broader crypto market sell-off.

However, no meme coin among the top 100 cryptocurrencies is having a better day than Fartcoin (FARTCOIN), which rose 47% in the past day to a current price of $1.40 after hitting a new all-time high of $1.45 earlier Thursday reaches.