The altcoin market breathed a sigh of relief as Bitcoin (BTC) dominance declined after a prolonged period of pressure.
The recent loss of value experienced by Bitcoin has significantly challenged altcoins. However, the decline in BTC dominance has relieved investors and provided an intense inflow of money into altcoins, which has caused sharp increases. So which projects have come to the fore in the last 24 hours? Here are some notable altcoins:
1- Virtual Protocol (VIRTUAL)
VIRTUAL, the pioneer of the AI Agents trend, gained 28% in the last 24 hours. With this rise, VIRTUAL, which left $ 3 behind, took action for new peaks. Expectations for VIRTUAL may increase as the AI Agents trend continues.
2- Pudgy Penguins (PENGU)
PENGU, the token of the Pudgy Penguins NFT collection, has increased by 25% in the last 24 hours. The demand for PENGU has increased due to the growth in the NFT market. If PENGU continues to stay above $0.30, it may be possible to head higher.
3- Aave (AAVE)
AAVE, one of the major players in DeFi altcoins, has gained 17% in the last 24 hours. Currently holding above $350, AAVE may continue to rise towards $400 with the strengthening of the DeFi trend or the positive course of the market.
4- Zcash (ZEC)
Privacy-focused cryptocurrency ZEC has increased by 15% in the last 24 hours. As the concept of privacy becomes more and more important, it is predicted that the rise in ZEC may continue.
5- Raydium (RAY)
Solana network’s decentralized exchange (DEX) Raydium has seen a remarkable rise in recent days, with the RAY token increasing by 15% in a short time.