As Bitcoin takes a breather after climbing to fresh all-time highs earlier this week, altcoins are starting to outperform—with some posting double-digit gains.

XRP was the star of the show during Thursday‘s trading, up 10 in 24 hours and trading at $3.26 at the time of writing. It‘s surged by 33 in the space of a week.

Earlier this week, XRP broke free of its trading range and moved past key resistance levels. Just two days ago, XRP had captured market attention with its explosive move to $2.9292, breaking decisively above the $2.60 resistance level that had capped rallies throughout most of 2025.

As of Thursday morning, it‘s reached $3.25 and just 4.8 shy of reaching a new all-time high above $3.40.

Dogecoin is back above $0.20 for the first time in over six weeks—and as Decrypt reported, has been basking in the glow of a meme coin resurgence following Pump.fun‘s box office initial coin offering over the weekend.

Solana and Cardano have both enjoyed substantial gains over the past 24 hours too, and are up by 5.9 and 8 respectively.

Thursday‘s market moves come despite months of feverish debate on X, with some analysts arguing that "altseasons" are now a thing of the past.

Michael Harvey, Galaxy‘s head of franchise trading, noted the "strong rallies in SOL, XRP, HYPE, and SUI." But there‘s also been a lot of investor attention on Ethereum DeFi stalwarts like AAVE and UNI, he added in a note shared with Decrypt, saying they‘ve benefitted from favorable signs of stablecoin adoption.

But it‘s not all about Ethereum. "BONK has been the star performer in the meme coin space on the back of the protocol’s plan to burn up to a trillion tokens," Harvey said.

Out of the 100 biggest cryptocurrencies by market capitalization, 77 are currently in the green since this time yesterday—and notably, Bitcoin isn‘t one of them.

CoinMarketCap data shows this is having an impact on BTC‘s dominance. While the world‘s biggest cryptocurrency represented 65 of the industry‘s total value toward the end of June, that figure has now shrunk to 61.5.

By contrast, after a pretty ropey start to 2025, Ether‘s market share has climbed above 10 for the first time since March.

Altcoins have also collectively seen their market capitalization race from $983 billion to $1.44 trillion over the past 90 days—a 47 jump.

Even though BTC has broken price records in recent days, many other major cryptocurrencies remain some way off their historical peaks.

ETH is currently trading at a 30 discount to an all-time high of $4,891.70 set in November 2021. But XRP is much closer to entering price discovery mode—and is 15 away from eclipsing the record of $3.84 set all the way back in January 2018.

An imminent return to unprecedented valuations is exceedingly unlikely for Dogecoin, which remains 70.8 below its high watermark of $0.74 on May 8, 2021—the same day Elon Musk described the joke cryptocurrency as a "hustle" on Saturday Night Live.

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