The top 10 non-stablecoin cryptocurrencies by market capitalization had a mixed performance on Friday morning in Asian trading, with Ether rising. Prior to the deadlines for filing briefs in the legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., XRP was the biggest gainer. XRP serves as the fuel for Ripple’s payment network.
According to CoinMarketCap, during the 24 hours, Bitcoin fell 0.1% to US$16,603 while Ether increased 1.7% to trade at US$1,203.
Despite some worries, Ethereum’s gains have occurred despite the lack of a release date for “Shanghai,” the first significant network update since the “Merge” in September to a proof-of-stake verification technique.
One of the more resilient currencies in the market during the turbulence that followed the demise of cryptocurrency exchange FTX.com was XRP, which increased 5.6% to US$0.40. The deadline for filing summary judgments in the court lawsuit the SEC filed against Ripple is November 30. On December 2, both parties are scheduled to meet to talk about case redactions.
Solana increased 1.6% to US$14.58, gaining 6.9% over the previous seven days. This recovery comes after the token suffered a setback in the days that followed the demise of FTX’s brokerage arm Alameda Research, which sold a sizable portion of its Solana holdings in an effort to stay afloat.
Litecoin experienced a 0.3% decline to US$78.76, ending a streak of gains, but it is still up 26.1% over the last seven days, making it the best performer on the list during that time. It is anticipated that Litecoin will experience its third mining reward halving in eight months, slowing the rate at which the token’s supply is created by half.