Weekly Altcoin Recap: BNB Leads With 23% Growth, LINK, HT, XRP Follow

The latest cryptocurrency news bring us to the weekly altcoin recap, where several altcoins seem to be rallying. The action was first seen by Binance Coin (BNB) which led the altcoim market with a growth of 23%, followed by Chainlink (LINK), Ripple’s XRP token, the Huobi Token (HT) and others.

It all started when the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against Telegram and its subsidiary Telegram Open Network (TON) for hosting a securities sale which could spike with the distribution of Gram (GRM) tokens within the US.

However, what’s positive is the weekly altcoin recap – well, at least for a couple of coins – where we can see that the markets have held their own and have not collapsed. Below, we are listing the updates by altcoin.

BNB/USD

The Binance Coin news were the most featured last week, mostly because BNB has made a comeback after a long absence. Ever since the exchange behind this coin (Binance) launched its lending product which allows owners to earn a percentage yield of as high as 10% for a few cryptocurrencies, the BNB token got featured and gained 23% over the past month.

HT/USD

Next up is the Huobi Token (HT) which was also featured in the news for rallying just above 10% in the past seven days. This turned out to be the third best performer in the market. Investors are now wondering if HT has bottomed out and is now ready for the next leg of its upside move.

XRP/USD

Ripple recently merged three of its services (xRapid, xVia and xCurrent) into its RippleNet offering. This is how XRP is in the weekly altcoin recap and how the company is getting in the spotlight. If we study XRP’s chart, we will see that the selling pressure has subsided and XRP is in a good momentum now.

LINK/USD

Last in the weekly altcoin recap is the LINK/USD pair which recently closed above $2.0531 and triggered out the buy for many traders. Even though the bulls pushed the price above $2.8498 during the week, they haven’t been able to sustain the breakout. If the bulls can propel LINK above $3, we could see a further surge and expect the very best from this altcoin