XRP Led November’s Crypto Bull Run With 169% Gain
As bitcoin dominated headlines in November with its rally toward an all-time high, one of the most prominent alternative cryptocurrencies, XRP, quietly jumped 169% during the month to top the performance rankings among digital assets in the CoinDesk 20. The move left XRP, the payments token used in Ripple’s global payments network, up 225% in 2020, versus the older and larger bitcoin’s 165% gain.
Stellar, another payments token founded by Ripple co-founder Jed McCaleb, was the second-best performer in November among the CoinDesk 20, gaining 153%. For comparison, bitcoin rallied 40% in November while ether, the native cryptocurrency of the Ethereum blockchain, rose 56%.