Ripple, Cardano lead altcoin surge as market cap nearly doubles to $1.55 trillion Bitcoin has captured much of the attention during the current bull market, especially after Donald Trump’s victory in the November elections. However, data reveals that altcoins have also performed remarkably during this period and even outperformed the flagship digital asset.
Data from Tradingview shows a significant surge in the broader crypto market cap, excluding Bitcoin. Over the past month, the total market cap of altcoins nearly doubled, growing from $872.8 billion to $1.55 trillionโa 75% increase.
Meanwhile, when the time frame is extended to the beginning of this year, the tokens have experienced a collective 100% growth from their market cap of around $734 billion to their current levels.
This is unsurprising, considering large-cap altcoins like Ripple’s XRP, Cardano, Solana, and Hedera posted triple-digit gains, driving their valuations to new heights.
Moreover, when excluding the top 10 cryptocurrencies and focusing on the remaining assets, the market cap for this segment has also surged. According to Tradingview data, it has grown from $190 billion to $416 billion, reflecting a 110% increase.
This altcoin rally, however, has come at the expense of Bitcoin’s market dominance. Thisย has dropped by 9% from a mid-November peak of 61% to its current 55%.
Analyst 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
XRP
$2.26490
Theย XRP Ledgerย is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Cardano
$1.13695
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Hedera
$0.29527
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
