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Double-Digit Rise of Altcoins Also Ignited Bullish Predictions.
The rise came after a resurgence in market forces led to an increase in market capitalization. Bitcoin's market cap is $1.2 trillion, while crypto assets reached $2.34 trillion after posting weekly gains.
Double-digit inflows for most assets in the market followed the Fed meeting, which did not affect interest rates. Crypto users are predicting the beginning of a bull run in social media spaces, especially memecoins. However, some users still need to be convinced by recent altcoin flows due to periods of volatility.
Solana (SOL) is up 20.6% this week after a period of poor results. The altcoin continued its gains by trading at $155 in the last 24 hours. Solana has made a name for itself lately by outperforming the market in bull runs based on various factors, including memecoin activity.
Solana memecoins are also posting similar numbers in the market. Some assets are rising above 50% after weeks of outflows. SOL pared its monthly losses to 15% as bulls predicted a broader market run.
Near, on the other hand, increased by 1.6% today and increased by 21.57% in total this week. Asset daily volumes rose 8% to over 590 million after the price surge to $7.49. Weekly gains above 20% sparked short-term trading, indicating improving macroeconomic factors. This rally can also be seen in crypto stocks, although most remain at single-digit gains.
Other altcoins also led to a rally in the market leading to weekly predictions. Ripple (XRP) increased by 7.59%, while Cardano (ADA) and Avalanche (AVAX) increased by 3.37% and 4.17%, respectively.
Memecoins recorded the biggest gains this week as expected due to inflows inspired by the high volatility craze. The leading memecoins of the last 24 hours are Bird Dog with an 83% gain, and FindMe and WSB Coin with 16.6% and 61% inflows respectively.
