The past week is significant for most cryptocurrencies including Bitcoin (BTC) that surged to a new high in 2020, rising by about 110% since its last halving to $18,497.77 at the time of writing. The Bitcoin surge was also followed by the top altcoins Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) making impressive bullish runs.

ETH, XRP, BCH See Bullish Gains, But Still a Far Cry from All-Time Highs

The movement seen amongst the three altcoins in a way suggests that the adoption of cryptocurrencies seen in the past days, weeks, and months is not primarily centered on Bitcoin alone.

While the growth in the price of Ethereum can be linked to the increasing surge in the performance of decentralized finance DApps built on the network, the strong moves in XRP and

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