Bitcoin (BTC) in Recovery Attempt: Top 5 Rising Altcoins of the Day

The cryptocurrency market witnessed Bitcoin briefly drop to $53,000 due to recent developments such as the German transfer news and Mt Gox's refund attempts. Despite this decline, capital flows into Spot Bitcoin ETFs indicate investor optimism and market recovery potential. As a result, many altcoins have shown great growth and attracted the attention of investors.

Billy (BILLY): Featured Memecoin of the Day

Among the top gainers, memecoin Billy (BILLY), which operates on the Solana network, has surged an impressive 56% in the last 24 hours. This increase increased the transaction volume to $44 million and the market value to $183 million, according to CoinGecko data.

LayerZero (ZRO), which focuses on blockchain intermediary independence and secure transactions, emerged as another major winner. Following the airdrop distribution, ZRO reported a 43.9% increase in the last 24 hours, bringing its trading volume to $650 million and market capitalization to $459.8 million.

Aerodrome Finance (AERO): The Decentralized Exchange on the Rise

Aerodrome Finance (AERO), known as one of the largest DEXs of the Base network, experienced an increase of 36.4%. AERO's trading volume increased to $50 million in the last day, increasing its market value to $293.17 million.

Popcat (POPCAT): Viral Memecoin

Popcat (POPCAT), another popular memecoin from the Solana network, represented by an iconic open-mouthed cat, has surged 35%. Its transaction volume reached 80 million dollars and its market value reached 512 million dollars, making it the fourth highest-earning altcoin of the day.

Taiko (TAIKO): Solving Ethereum's Challenges

Taiko (TAIKO), a ZK-Rollup project that aims to solve Ethereum's transaction fees and scalability issues, had a strong performance of 29%. While the 24-hour trading volume reached 33 million dollars, the market value was 150 million dollars.