Stellar (XLM) experienced a pullback in the first half of the week but recovered in the second half and is trading around $0.54 on Friday, after rallying more than 170% and reaching levels not seen in over three years in the previous week. This bullish outlook is further supported by rising Open Interest (OI) and Total Value Locked (TVL) to record levels, indicating a further rally.

Algorand reaches fresh two-year high supported by bullish on-chain metrics

Algorand (ALGO) extends its gains and trades higher by more than 15% at the time of writing on Friday, breaking above the year-to-date high of $0.33 established in March and reaching levels not seen in over two years, after rallying 54% the previous week. On-chain data support for the bullish outlook is strong, as ALGO’s Open Interest (OI) and Total Value Locked (TVL) are rising to record levels, indicating a further rally in the upcoming days.

XRP soars, while Ethereum faces selling pressure

The crypto market is showing overall growth, with a total cap of $3.32 trillion (+0.5% in 24 hours). However, bitcoin is barely rising, with Ethereum down 3% from Thursday's peak, while XRP is up around 9% after hitting 2021 highs at the peak of the day's momentum.