Recent surge in altcoins
The protagonist of this round of the market is XRP, which not only broke through the ceiling, but also led to a surge in other currencies. For example, the market value of XLM once soared to 26.5 billion US dollars. Even concept currencies related to ETFs or politics, such as ADA, HBAR, ALGO, etc., have also ushered in a sharp rise, with market values exceeding billions or even tens of billions of US dollars.
In particular, DOGE, whose market value once exceeded 60 billion US dollars, directly promoted the rise of other "imitation coins" such as SHIB. SHIB's market value reached 17.6 billion US dollars, and currencies such as BONK, WIF, and FLOKI also reached more than 3 billion US dollars.
It can be foreseen that as the ceilings of more tracks are broken, more related altcoins will usher in an explosion in the future. Some long-standing altcoins, such as EOS, FIL, THETA, LTC, etc., have rebounded by as much as 4 times in the recent period. Once these projects with larger market capitalizations are launched, they will have great explosive power, especially those small projects with a market capitalization of US$200 million to US$300 million, which may usher in stronger growth in the future.
